After 5-month delay, foreign trade policy review likely on December 5

Currently, the five-year FTP aims to raise total exports to $900 billion but targets may be reduced

After being postponed repeatedly for five straight months, the government will come out with the mid term review of the foreign trade policy (FTP) on December 5.

The five-year FTP is in effect since April 1, 2015 and aims to facilitate exports so that the country manages to send out $900-billion goods and services by 2020. It also aimed at increasing India's share of world exports to 3.5 per cent, from 2 per cent.

The mid-term review of the FTP is aimed to take stock of changing aspects of global trade, rationalise trade norms and bring into play new policies to boost