Trade and Export Promotion Centre

Subject: Business Studies

Overview

Trade and Export Promotion Centre is a national trade promotion organization of the country established in November 2006, as a focal point, by merging three organizations namely Trade Promotion Centre, Export Promotion Board and Carpet and wool Development Board, with the objective of promoting foreign trade in general and export trade in particular of the country.

Trade and Export Promotion Centre

Trade and Export Promotion Centre is a national trade promoting organization of the country established in November 2006, as a focal point, by merging three organizations namely Trade Promotion Centre, Export Promotion Board and Carpet and Wool Development Board, with the objective of promoting foreign trade in general and export trade in particular of the country. It operates under the Ministry of Commerce and Supplies.

The main objective of promoting foreign trade in general and export trade in particular of the country. It is a non-profit organization. The TEPC is conscious of the rapidly changing international trade scenario and is, therefore, engaged in launching export promotional activities. Its main aim is to prevent foreign trade and export trade. It helps to increase the country’s export capacity. It also helps in the establishment of the relationship between exporter and importer.

The TEPC is conscious of the rapidly changing international trade scenario and is, therefore, engaged in launching export promotional activities and providing necessary services to the business community. It is a non-profit making organization.

Functions of Trade and Export Promotion Centre

The functions of TEPC are as follows:

To provide advice to the government of Nepal in formulating policies for the development and expansion of trade and export.
To contribute to strengthening the national economy by developing and expanding trade and export of the country.
To help alleviate property through the development of the rural economy by enhancing the internal and external market for agro-based and other products.
To conduct programs for production by establishing coordination among different agencies.
To assist in diversifying trade by identifying potential market for exportable products.
To cooperate in opening institutions for the export promotion and to diversify trade and extend support to such institutions.
To advocate for technical assistance for improving the quality/standard of exportable products.
To execute programs to attract investment at the national and international level.
To establish an information pool by collecting, disseminating and publishing useful trade-related information.
To identify trade-related problems with appropriate measures to solve such problems.
To assist in a market test of exportable products.
To organize buyer-seller meet and conduct training seminar and workshops.
To simplify procedures relating quality control, insurance, and transport and enhance support services for export transactions.

References:

Khanal, Soma Raj, Surendra Thapa Aslami and Sitaram Dhakal.Business Studies.Kathmandu: Taleju Prakashan, 2067.

Pant, Prem R., et al.Business Studies.Kathmandu: Buddha Academic Publishers and Distributors Pvt. Ltd., 2010.

Things to remember

It operates under the Ministry of Commerce and Supplies.
It provides advice to the government of Nepal for formulating policies for the development and expansion of trade and export.
It conducts programs for production by establishing coordination among different agencies.
It identifies trade-related problems with appropriate measures to solve such problems.

It includes every relationship which established among the people.
There can be more than one community in a society. Community smaller than society.
It is a network of social relationships which cannot see or touched.
common interests and common objectives are not necessary for society.

Questions and Answers

What do you mean by Trade and Export Promotion Centre? Explain its functions.

Trade and export promotion centre is a national trade promotion organisation of Nepal. It is established in 2006. The main objective promoting foreign trade e is general and export trade in particular of the country. It is a non-profit making organisation. The TEPC is conscious of the rapidly changing international trade scenario and is, therefore, engaged in launching export promotional activities. Its main aim is to prevent foreign trade and export trade. It helps increase country’s export capacity.

The main functions of Trade and Export Promotion Centre are as follows:

It provides advice to the government of Nepal in the formulation of policies for development and expansion of trade an export.
It helps to an expansion of export business and increases national economy.
It helps to conducts programs for increasing the products of exportable products.
It assists to diversify trade by identifying potential market for exportable products.
It cooperates with operating institutions for export promotion and diversified trade and extends support to such institutions,
It helps for technical assistance with national and international organizations for improving quality and standard of exportable products.
It organizes buyer and seller meet and conduct training seminar and workshop
It assists in a market test of exportable products
It helps to identify the trade-related problems.
It helps to strengthen the problems.

Describe Trade and Export Promotion Centre.

Trade and Export Promotion Centre is a national trade promotion organization of the country in November 2006, as a focal point, by merging three organizations namely Trade Promotion Centre, Export Promotion Board and Carpet and wool Development Board, with the objective of promoting foreign trade in general and export trade in particular of the country. It operates under the Ministry of Commerce and Supplies.

TEPC is formed by the government of Nepal. It is established under the Development Board Act, 2056. It operates under the Ministry of Commerce and Supplies. The Ministry forms its Board of Directors and appoints the Executive Director.

What are the functions of Trade and Export Promotion Centre

The functions of TEPC are as follows:

To provide advice to the government of Nepal in formulating policies for the development and expansion of trade and export.
To contribute to strengthening the national economy by developing and expanding trade and export of the country.
To help alleviate people through the development of rural economy by enhancing the internal and external market for agro-based and other products.
To conduct programmes for production by establishing coordination among different agencies.
To assist in diversifying trade by identifying potential market for exportable products.
To cooperate in opening institutions for the export promotion and to diversify trade and extend support to such institutions.
To advocate for technical assistance for improving quality/standard of exportable products.
To execute programmes to attract investment at the national and international level.
To establish information pool by collecting, disseminating and publishing useful trade-related information.
To identify trade-related problems with appropriate measures to solve such problems.
To assist in a market test of exportable products.
To organize buyer-seller meet and conduct training seminar and workshops.
To simplify procedures relating quality control, insurance, and transport and enhance support services for export transactions.

Define Trade and Export Promotion Centre with its functions.

The functions of TEPC are as follows:

To provide advice to the government of Nepal in formulating policies for the development and expansion of trade and export.
To contribute to strengthening the national economy by developing and expanding trade and export of the country.
To help alleviate people through the development of rural economy by enhancing the internal and external market for agro-based and other products.
To conduct programmes for production by establishing coordination among different agencies.
To assist in diversifying trade by identifying potential market for exportable products.
To cooperate in opening institutions for the export promotion and to diversify trade and extend support to such institutions.
To advocate for technical assistance for improving quality/standard of exportable products.
To execute programmes to attract investment at the national and international level.
To establish information pool by collecting, disseminating and publishing useful trade-related information.
To identify trade-related problems with appropriate measures to solve such problems.
To assist in a market test of exportable products.
To organize buyer-seller meet and conduct training seminar and workshops.
To simplify procedures relating quality control, insurance, and transport and enhance support services for export transactions.

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