New Delhi, Jul 4: The Commerce and Industry Ministry has started an exercise to review the current Foreign Trade Policy, with an objective of boosting exports and domestic manufacturing and reducing trade deficit.
The present Foreign Trade Policy was brought out on April 1, 2015 and is valid for five years, which ends on March 31, 2020.
A midterm review was held in December, 2017, after the introduction of GST.
The Directorate General of Foreign Trade has brought out Trade Notice dated June 28, inviting suggestions for the proposed new policy, within 15 days, from all concerned.
In this regard, the Ministry is also holding consultations with various stakeholders, including exporters, industry associations, commodity boards, foreign missions, state governments and various ministries. (UNI)