Foreign trade policy: Exporters seek 3 months from Centre for transition

In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter

In the absence of a sunset clause in the new foreign trade policy (FTP), exporters have urged the government to allow a three-month transition period before coming up with any major changes in the policy.

In a letter to the Commerce and Industry Minister Piyush Goyal, exporters' apex body Federation of Indian Export Organisations (FIEO) President A Sakthivel has sought the transition time so that existing contracts can be executed according to the existing FTP, rather than a new one, Business Standard has learnt.

For instance, going ahead, if at any point the government decides to discontinue or change any