However, the government also kept the local currency undervalued, which benefitted exporting sectors.
But some critics worry that the president's background will lead him to favor policies that benefit export-oriented conglomerates over the small and medium-sized companies that struggle to supply them, and which employ more than 80% of the country's workforce.
Export subsidies benefit export producers and traders at the expense of domestic consumers and taxpayers.
China would benefit from exporting its cash, and the rest of the world would benefit, especially foreign buyers of Chinese goods..
The one below emphasizes the economic benefit of exporting mineral riches to China.
The benefit of exporting from a cheap base could more than offset diminished demand inside it, the firm says.
Meanwhile, instead of aid, Indian newspapers have focused on how Indian commerce could benefit by exporting sugar and cotton to a stricken Pakistan.
He said oil-rich countries could benefit from exporting their oil and gas resources rather than using them to subsidize cheap domestic energy.
Rather, it is to arrive at a point where 'stocks' and 'supplies' are sufficient to derive an economic benefit by exporting high value units to other countries.
To the Editor: Your editorial lauding the "benefits" of exporting liquefied natural gas misses the big picture.
