Aiming to reverse contraction in exports for 10 consecutive months, the new ftp has several measures to ensure a healthy growth of foreign trade. The long term policy objective for the government is to double indias share in global trade by 2020. The foreign trade policy ftp, 20092014 herein after referred to as the policy and the handbook of procedures vol. Foreign trade policy re 2012 2009 14 from 5 6 2012 to 31 3 2015. International trade is regarded as a means to growth and development of countries. Epcg authorization can also be issued for import of capital goods under scheme for project imports. After five years foreign trade policy needs amendments in general, aims at developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payments position. Foreign trade policy electronic data interchange customs. The following are the highlights of the new foreign trade policy ftp. This policy is updated every year with some modifications and new schemes. Receipt of this circular may kindly be acknowledged. Nanto, coordinator specialist in industry and trade april 7, 2009 congressional research service 75700.
Foreign trade policy 20092014 released thon 27 august 2009. In india, the government of india, ministry of commerce and industry announce the exportimport policy, which is. The foreign trade policy which was announced on august 28, 2009 is. Annual supplement 201011 to the foreign trade policy 200914. This policy stated, trade is not an end in itself, but a means to economic growth. Higher support for market and product diversification. Foreign trade policy ftp, 200914 the annual supplement to the foreign trade policy hereinafter referred to as the ftp, 20092014 and the handbook of procedures vol. Chapter 4 if a license is valid for 36 months and once export is over till last date then it becomes impossible to submit all documents for closure of file. In foreign trade policy, dualuse items have been given the nomenclature of special chemicals, organisms, materials, equipment and technologies scomet. I herein after referred to as the handbook have been notified by the dgft vide notification no.
The foreign trade policy which was announced on thursday august 28, 2009 is an integrated policy for the period 200914. Section ii presents the foreign trade policies 200409, 200914, annual policy supplement of 2010, and stimulus measures announced by government of india and reserve bank of india in the context of the global melt down that affected indias trade sector from the second half 200809. Economic and economic and commercialcommercial lawllaawwlaws sss paper 3 icsi house, 22, institutional area, lodi road, new delhi 110 003. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. To double indias exports of goods and services by 2014. Foreign trade policy, 20152020 ftp was unveiled on april 1, 2015 at the vigyan bhawan, delhi, thus laying down a road map for indias global trade engagement in the coming years. The commerce and industry ministry is expected to announce the new fiveyear foreign trade policy 201419 by the end of this month as it seeks to. Foreign trade policy directorate general of foreign. To double indias percentage share of global merchandise trade by 2009. I hereinafter referred to as the handbook have been notified by the dgft vide notification no. Indias foreign trade policy 200914 highlightsvrk10010112009. India new foreign trade policy 2009 2014 also known as. The following are added to table 4 vide public notice no. This is evidenced by the 15 agreements currently in force and its involvement in the negotiation of other agreements.
The new foreign trade policy ftp takes an integrated view of the overall development of indias foreign trade and goes beyond the traditional focus on pure exports. Indias foreign trade policy 200914 highlightsvrk100. Public notice no 1 200914 new delhi, dated the 27 th august, 2009 in exercise of powers conferred under paragraph 2. Foreign trade policy 20092014 total export solutions. Indias trade policy objectives are stipulated in its foreign trade policy ftp, which is issued. India new foreign trade policy 2009 2014 foreign trade policy exim policy 20102011 annual supplement the government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 20092014, earlier this policy known as export import exim policy. Highlights of the annual supplement 201011 to the foreign trade policy 200914 higher support for market and product diversification 1. Indias foreign trade policy 200914 refixation of annual average export obligation. The government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 20092014, earlier this policy known as export import exim policy. Unit i foreign trade and policy pondicherry university. In exercise of the powers conferred under paragraph 2. Export obligation for such epcg authorizations would be six times of duty saved. Highlights of the annual supplement 201011 to the foreign trade policy 200914. Foreign trade policy 201520, hand book of procedures pdf.
Pdf format of foreign trade policy 201 520, highlights. The features of the foreign trade policy for 200914 which was announced by commerce minister, anand sharma, on thursday are. Foreign trade policy 2009142011 free download as powerpoint presentation. Foreign trade policy 2015 2020 directorate general. If you continue browsing the site, you agree to the use of cookies on this website. To arrest and reverse declining trend of exports is the main aim of the policy.
Indias foreign trade policy 200914objectives of foreign trade policy 200914 1. Dear members, the oo directorate general of foreign trade, new delhi has issued policy circular no. Taking into account the decline in exports, the facility of refixation of annual average export obligation for a particular financial year in which there is decline in exports from the country, has been extended for the 5 year policy period 200914. By 2014, we expect to double indias exports of goods and services. Directorate general of foreign trade public notice no. Foreign trade policy 201520, hand book of procedures.
New schemes come into effect on the first day of financial year i. The upa government has assumed office at a challenging time when the entire world is facing an unprecedented economic slowdown. The information provided here is part of guide on howtoexport and import. This unit concentrate on the main dimension of foreign trade and policy namely various trade theories, terms of trade, balance of payments and adjustment mechanism in payments. Procedure relating to tracking and tracing of export. Its main purpose is not to earn foreign exchange but to stimulate the economic activities. What are the important features of the foreign trade. Pdf format of foreign trade policy 201520, highlights. The year 2009 is witnessing one of the most severe global recessions in the postwar period. Incentive schemes under chapter 3 have been expanded by way of addition of new products and markets. Directorate general of foreign trade dgft organisation javascript is a standard programming language that is included to provide interactive features, kindly enable javascript in your browser. The foreign trade policy 200914 has also been announced in line with the reform agenda and amended from. The annual supplement 2012 to foreign trade policy 200914 has made several changes to the foreign trade policy of india that are expected to benefit the exporters and reduce transactional expenses. External sector and indias foreign trade policy ftp 200914.
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