Ministry of Commerce solicits stakeholder suggestions for next foreign trade policy

The Ministry of Commerce on Friday solicited suggestions from stakeholders, including industry and trade associations, for the formulation of the next foreign trade policy (FTP 2021-26). The FTP provides guidelines for improving exports to stimulate economic growth and create jobs.

The Directorate General of Foreign Trade (DGFT) said in a trade notice that a Google form had been created to collect, analyze and process suggestions/contributions.

“In order to prepare a new five-year foreign trade policy, suggestions/inputs are solicited from various stakeholders. To collect, analyze and facilitate the processing of the suggestions/inputs received, a Google form has been created…” , he added. .

Stakeholders including Export Promotion Councils (EPCs), Trade/Industry Bodies/Associations, Commodity Boards, Regional Authorities and Trade Members, Industry are requested to send their suggestions /contributions only via the Google form mentioned above, rather than email or paper submissions by July 31st.

The foreign trade policy (2015-20) was first extended for one year until March 31, 2021, due to the pandemic, and then extended again for six months until September this year.

At present, various benefits are granted under different schemes such as the Export of Goods from India (MEIS) scheme, the Export of Services from India (SEIS) scheme, the prior authorization and promotion of exports of capital goods.


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