广东省省级精品课程《国际贸易》Chapter 11 Export suporting.ppt

广东省省级精品课程《国际贸易》  Chapter 11  Export suporting 广东外语外贸大学国际经贸学院 卢立岩 副教授 Chapter 11: Export Suporting In order to stimulate the nation’s export, government may use different instruments like Export Subsidies,Export Credit and Export Credit Guarantee System. 11.1 Export Subsidies Export Subsidies are direct payment (or the granting of tax relief and subsidized loans)to the nation’s exporters or potential exporters and/or low-interest loans to foreign buyers to stimulate the nation’s exports. Export Subsidy including two types: Direct Subsidy and Indirect Subsidy. No matter which kind of Export Subsidy is used, it will cause loss in the welfare. 11.2 Export Credit Export Credit include Export Seller’s Credit and Export Buyer’s Credit. The Export Sellers Credit refers to loans provided to an exporter to finance its export of manufactured or purchased mechanical and electronic products,complete sets of equipment, and high- and new-tech products as well as the provision of labor services Export Buyers Credit refers to the medium and long-term credit provided to foreign borrowers to finance their imports of Chinese products, technologies and services. The Credit is designed to facilitate foreign importers (or project owners) payment at sight of commercial contract to Chinese exporters (or contractors). 11.3 Export Credit Guarantee and Export Credit Guarantee System Usually Export Credit Guarantee is supply by private insurance company in the sametime Export Credit Guarantee System is supply by the government organization. They include short-term export credit insurance and the medium- and long-term export credit insurance. Short-term export credit insurance provides exporters with guarantees for payment risk in doing export or re-export from China by the way of L/C, D/P, D/A, or OA, all bearing a term of one year. Medium- and long-term export credit insurance is designed to encourage Chinese exporters to participate actively in internat