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WAEC Commerce 1991 (August) Question 49

Question 49

Foreign Trade

Which of the following is statutorily responsible for providing information and incentives required to increase the volume of Made-in-Nigeria goods in foreign markets?

  1. A.Association of Nigeria Exports
  2. B.Nigeria Export Promotion Council (NEPC)
  3. C.General Agreement on Tariffs and Trade (GATT)
  4. D.Association of Nigerian Importers
  5. E.Manufacturers Association of Nigeria
Show the answer and explanation

Answer: B (Nigeria Export Promotion Council (NEPC))

Explanation

NEPC was set up by law to promote Nigerian non-oil exports.