EXPORT DEVELOPMENT

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This Export Development Project is designed to accelerate the export supply response to colombia's trade reform program by (a) adjusting existing Government trade policy and administration in the areas of duty exemptions and indirect tax rebates, antidumping, and customs so as to facilitate exporter competitiveness and be GATT-consistent; (b) increasing the quality of export promotion services by stimulating increased use of private overseas and local export support services, restructuring the Government's public promotion organization and deregulating and developing trading companies; (c) building export financing capacity by establishing new export finance services in the Foreign Trade Bank and making its policies consistent with liberalized financial sector policies, establishing private/public joint venture preshipment export credit guarantee and export credit insurance facilities, and providing trade finance training to local banks; and (d) initiating capital markets development with regulatory and institutional improvements.