New Foreign Trade Policy from April

Economy


New Delhi: India’s new Foreign Trade Policy, under formulation, will come into effect from April 1, 2021 for five years and will strive to make the country a leader in international trade, the government said on Tuesday.

The information was shared with Members of Parliament during a briefing about the Foreign Trade Policy (FTP). The Parliamentary Consultative Committee of the Ministry of Commerce and Industry held a meeting on Tuesday on the subject ‘New Foreign Trade Policy 2021-26’.

It was chaired by Minister of State for Commerce and Industry Hardeep Singh Puri, and attended by Members of Parliament (MPs) and senior officers of the ministry. “It was informed that the District Export Hubs initiative will form an important component of the new FTP,” the commerce ministry said.

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