WAEC Commerce 2020 Theory — Question 6

Model answer

(a) Functions of Export Promotion Council (any five): Export Promotional Council collects export and import data of its members; It organises trade delegations to explore opportunities of exporting products in other countries; It provides technical advice to exporters; It serves as link between government and exporters; They regulate laws relating to export. (b) Functions of customs and excise authority (any five): The customs and excise authority are to impose the necessary import and export duties on goods; Also, they check smuggling of unlawful and harmful goods into the country; They are also there to monitor usage of foreign exchange utilisation; They are also there to provide security for the importers and exporters; They provide temporary warehouse for importers before their goods are cleared.