Government likely to extend further existing foreign trade policy

The Centre is likely to extend the existing foreign trade policy that is scheduled to lapse on March 31, a government official aware of the development said.
 
Last year, the government had extended the foreign trade policy (2015-20) till 31 March, 2021, to help exporters tide over Covid, and a subsequent lockdown. Through the extension, it continued to offer existing incentives under various export promotion schemes.
 
Officials said that a delay in spelling out a fresh five-year roadmap on international trade will give policymakers more time to take decisions on crucial policies. It will also give exporters more