The foreign trade policy (FTP) outlines government strategies and steps to promote domestic production and exports with the objective of driving economic growth.
What are the objectives of trade policy?
General trade policy objectives have focused on reduced protection, achieving a more outward- oriented trade regime, increased market access for exports, and greater global integration, aimed at increasing economic efficiency, competitiveness, and export-led growth. I hope this helps.
What are the objectives of foreign trade policy of India?
ADVERTISEMENTS: 1) To double the percentage share of global merchandise trade within the next five years. 2) To act as an effective instrument of economic growth by giving a thrust to employment generation.
What is the objective of foreign trade policy 2015 20?
The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister.
What are the objectives while framing the foreign trade policy?
The Foreign Trade Policy (FTP) was introduced by the Government to grow the Indian export of goods and services, generating employment and increasing value addition in the country. The Government, through the implementation of the policy, seeks to develop the manufacturing and service sectors.
What is a foreign trade policy?
Foreign Trade Policy is a set of guidelines and instructions established by the DGFT in matters related to the import and export of goods in India. The Government of India, Ministry of Commerce and Industry announces Export Import Policy every five years. The new FTP (2015-20) came into force w.e.f 01/04/2015.
What are the objectives of Foreign Trade policy 2009 14 & 2015-20?
Objectives of Foreign Trade Policy 2009-14 : To arrest and reverse declining trend of exports is the main aim of the policy. This aim will be reviewed after two years. To Double India’s exports of goods and services by 2014.