65 India’s Trade Policy.pptx - India’s Trade Policy Trade...

India’s Trade Policy

Trade Policy
•
Trade policy refers to the complete framework of laws, regulations,
international agreements and negotiating stances adopted by a
government to achieve legally binding market access for domestic
firms.
•
The government has set a long term vision of making India a major
player in world trade.
•
Foreign trade policy (FTP) provides the basic policy framework of
translating this vision into specific strategies, goals and targets.

India’s Foreign Trade Policy (FTP)
•
The foreign trade policy of India is guided by the Export-Import (EXIM) policy
of the govt of India and is regulated by the foreign trade (Development and
Regulation) Act, 1992.
•
The foreign trade policy contains various decisions taken by the govt in the
sphere of foreign trade, i.e., with respect to imports and exports of the
country and more especially export promotion measures, policies and
procedures related thereto.
•
It is the set of guidelines and instructions established by DGFT (Directorate
General of Foreign Trade) in matters related to the import and export of
goods in India.