Question

Meaning of canalisation according to trade policies

Answer 1

CANALISATION OF EXPORTTOPICS•STC•Canalisation•Benefits•Canalised items•Conclusion 2. STATE TRADINGCORPORATION Established in 1956 to deal with east european countries. Primarily it emphsised on trade development relating matters Later it was asked to deal with development of non canalised export STC acts as an expert guide for buyers interested in Indian goods. 3. Cont…. STC imports essential commodities for Indian market to cover shortfalls arising in the domestic market. During the last one decade, STC imported sugar, wheat and pulses to meet domestic requirements. Some of the other services offered by STC to the Indian manufacturers include :  Financial assistance to exporters 4. Cont…..  Import of machinery and raw material for export production.  Assistance in the areas of marketing, technical know-how, quality control, packaging, documentation, etc.  Supply of imported goods in small quantities as per convenience of buyers.  Market intervention on behalf of the Government. 5. CANALISATION Means the establishment of trade monopoly in foreign trade "Canalisation" of export means export only through the agencies designated by the Central Government. Emphasizes on foreign trade flow rather than ownership of agency conducting it. Alexander committee 1978 pointed 24 canalizing agencies for 200 product. 6. CANALISED ITEM FOREXPORT Petroleum products Gum karaya Mica waste (including factory cuttings) and scrap Mineral ores , concentrates and compounds thereof Niger seeds Onions 7. BENEFITS To boost export Improve bargaining power Improve unit value realization Eliminate under: invoicing 8. PRINCIPAL ITEM FOREXPORTAGRICULTURAL COMMODITIES MANUFACTURED PRODUCTWHEAT JUTE GOODSCAHSEW CHEMICALSCOFFEE DRUGS & MEDICAL DISPOSABLESRICE ENGINEERING & CONSTRUCTION MATERIALSTEA CONSUMER PRODUCTTOBACCO TEXITLES & GARMENTSRUBBER LEATHERWEARHPS GROUNDNUTS PROCESSED FOODSSPICES IRON ORE STEEL RAW MATERIALS 9. THANK YOU