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Explain import measures that Kenya may undertake to correct balance of payment disequilibrium

Explain import measures that Kenya may undertake to correct balance of payment disequilibrium.

Answers

1. Imposing or increasing import duty

2. Imposing quotas on imports

3. Foreign exchange control

4. Export compensation scheme

5. Diversity foreign markets

6. Offering customs drawbacks

7. Lobbying for removal of trade restrictions

8. Encouraging foreign investment into the country

9. Devaluation of currency

10. Restricting outflow of capital

johnmulu answered the question on January 21, 2017 at 09:02

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