DEVELOPING THE EXPORT OF COMPETITIVE FINISHED PRODUCTS IN THE WORLD MARKET
Keywords:
export competitiveness, international competition, global economic, world markets, buyer, export products, produce products, competitive strategies.Abstract
Export competitiveness measures an economy's share of non-extractive exports to GDP relative to the share of global non-extractive exports to global GDP. Exporting provides the opportunity to expand production, boost employment, reduce unit costs, and increase incomes. Enhancing export competitiveness in developing countries requires a multifaceted approach, including investment in value-added manufacturing, improvements in product quality, and the expansion of trade facilitation measures. Competition in international trade refers to the interaction between buyers and sellers in the market in order to obtain the best possible price for goods or services. This can be done through various methods, such as haggling, offering discounts, or simply providing a better product or service than the competition.
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