State three measures the government has taken to achieve a favorable balance of trade.

      

State three measures the government has taken to achieve a favorable balance of trade.

  

Answers


gideon
- Development of other sources of energy to reduce on the importation of fuels
- Establishment of import – substitute industries to reduce imports of commodities
- Restriction on importation of luxury items through high taxation to save the county foreign
exchange
- Diversifying agro-exports such as horticulture that has a large market and earns more
- Increasing invisible exports such as tourism, shipping and insurance that is not vulnerable to
weather adversities.
gideon1 answered the question on October 4, 2017 at 12:34


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