Govt to announce new foreign trade policy soon: Nirmala Sitharaman 10/09/2014

Govt to announce new foreign trade policy soon: Nirmala Sitharaman
10/09/2014 16:34
The new government will soon announce new Foreign Trade Policy (FTP) which is seen to be different from earlier policies, Commerce Minister Nirmala Sitharaman said. "Very soon the FTP will be unveiled. I can give you a broad idea, but not an intrinsic details. Whatever was the structure of earlier FTPs, it would be different from that," she said on completion of the 100 days of the NDA government. The new policy would focus on a wide range of issues, including services exports, standards and branding of products. India's exports in the last three years have been hovering around USD 300 billion, and steps are on to boost it further and enhance its contribution in the world trade. All exports and import-related activities are governed by the FTP, mainly aimed at enhancing the country's exports and use trade expansion as an effective instrument of economic growth and employment generation