Page 7 - Foreign Trade Policy

CAG recommends automation of foreign trade promotion schemes adminsitration

Currently, duty benefits are provided under two key trade promotion schemes -- Merchandise Export from India Scheme (MEIS) for goods, and Services Export from India Scheme

CII calls for early FTP to raise India's global export share to 5% by 2025

The Confederation of Indian Industry (CII) has also outlined a 10-point agenda for increasing India's exports of goods and services in line with the prime minister's vision of an Aatmanirbhar Bharat

Govt extends foreign trade policy, other export benefits for one year

Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).

Foreign trade policy, schemes to be extended by 6 months till Sept 30

Some more measures are also expected to be provided to exporters to ease strain caused by the outbreak.

Laudable move by Pharmexcil

The Pharmexcil came up with clarifications for its members and representations to the government highlighting some difficulties

Need more regional trade deals, tax exemption for SEZs: CII report

The report has suggested full income tax exemption for 10 years be provided to units in Special Economic Zones, lower cost of credit for exporters, and fast-paced growth in high-tech shipments

Commerce Min hears stakeholder demands for next FTP to boost exports

The current policy will end in March 2020. The new five-year foreign trade policy (2020-25) is expected to be released in September this year

One hobbled step forward

The existing Foreign Trade Policy (FTP) allows MEIS benefits for such shipment by EOU and SEZ units

Board of Trade to meet stakeholders on Feb 15 over new foreign trade policy

BoT advises the government on policy measures related to the foreign trade policy in order to boost the country's trade

Under new FTP, exporters may get incentives based on R&D, specific clusters

Since 2011-12, India's exports have been hovering at around $300 billion

India's trade with neighbours only 31% of total potential: World Bank

Currently, India's actual trade in South Asia accounts for $19.1 billion which is just three per cent of its total global trade at $637.4 billion and around $43 billion below the potential

Intensive care for exports

India has to meet several challenges, at the structural and policy level, to boost exports

Do we need more strategy making?

In the past few months, the Trump administration in America States has raised tariffs on many goods

Govt working on new schemes for next foreign trade policy to boost exports

The ministry has recently released the mid-term review of the current foreign trade policy

Only two broad changes in FTP

The FTP, a notification with statutory force, is simultaneously issued, with a Handbook of Procedures

FTP: The saga of export benefits continues

The govt hopes lower duty in most items will make exports more competitive

Govt simplifies export procedures

National trade facilitation panel will be set up that will cover simplification of procedures, infra, and risk-based assessment

3 reasons why FTP review was awaited

Export figures for October 2017 had suggested that the GST imbroglio was finally affecting the performance of several sectors

Incentive push for exports likely to boost employment

Industry players laud the mid-term review of foreign trade policy

Thumbs down for subsidies

Foreign trade policy addresses many concerns of exporters