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Foreign Trade Policy Extended

FTP primarily focuses on adopting a twin strategy of promoting traditional and sunrise sectors of exports including services.

Posted byparag Published On April 6th, 2022 Leave a comment on Foreign Trade Policy Extended
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Foreign Trade Policy UPSC: Relevance

  • GS 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

 

Foreign Trade Policy : Context

  • Recently, the Ministry of Commerce and Industry has further extended the existing Foreign Trade Policy (FTP) till September 30, 2022.
  • Read about record export growth from India.

 

Foreign Trade Policy 2015: Key points

  • On March 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 2021, amid the coronavirus outbreak and the lockdown.
  • The FTP 2015-2020, which came into force on 1 April 2015, was originally meant for 5 years.

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