Foreign trade development and regulation act, 1992 no. Stpehtp scheme to promote exports from the country, govt. The foreign trade policy statement explains the vision, goals and objectives underpinning the foreign trade policy for the period 20152020. Foreign trade policy 200409 annual supplement 2005 3. Presentation on foreign trade policy 200409 author. Trade policies can be of two types, the free trade policy and the protective trade policy. For india to become a major player in world trade, an all encompassing and comprehensive view needs to be taken for the overall development of the countrys foreign trade. This is reflected in its foreign trade policy for 200409 which states that, for india to become a major player in world trade. Scribd is the worlds largest social reading and publishing site. Exim policy 20042009 ppt free download as powerpoint presentation. To double indias exports of goods and services by 2014.
India new foreign trade policy highlights 2011, 2010, 2009 2014. Foreign trade policy external policyin every five years, the ministry of commerce and industry, government of india, announces theexportimport exim policy. Foreign trade policy 1 st april, 2015 31 st march, 2020 updated upto 30 06 2015 government of india ministry of commerce and industry department of commerce. The policy of economic liberalisation was put into operation with effect from 1991. This policy stated, trade is not an end in itself, but a means to economic growth. Foreign trade policy 200409 national portal of india. New exim foreign trade policy highlights 2011, 2010, 2009 2014 from dgft, india also called indian. As the discussion above shows, the foreign trade policy, 2004 09 introduced a number of schemes for promoting exports and opening up trade. The new united progressive alliance upa government at the centre changed the name of exim policy and called it foreign trade policy ftp. Foreign trade policy f 200409 free download as powerpoint presentation. Aiming to reverse contraction in exports for 10 consecutive months, the new ftp has several measures to ensure a healthy growth of foreign trade. India new foreign trade policy highlights 2011, 2010, 2009.
The united states cannot get grand strategy right if it gets economic policy wrong. The foreign trade policy in india is formulated and implemented mainly by the ministry of commerce and industry, but also in consultation with other concerned ministries, such as finance, agriculture, and textiles, and the reserve bank of india rbi. The national foreign trade policyan impact assessment the national foreign trade policy nftp, 200409 is a watershed in the history of trade policy making in india. Trade policy 20152020 government of india department of commerce ministry of commerce and industry. This policy shall come into force with effect from 1st september 2004 and shall remain in force upto 31. It has been developed with an objective to enable a single window access to information and services being provided by the various indian government entities. Stpehtp scheme n to promote exports from the country, govt. Regulatory reform and international trade policy 15 come an increasingly important source of distortions in international trade and a more frequent cause of trade conflicts. Consequently, on august 31, 2004, the commerce and industry minister, mr. The national foreign trade policy 200409 cuts citee. A practical guide to trade policy analysis 8 presentation of gravity models.
At that time we had indicated two major objectives, namely a to double our percentage of global merchandise trade within 5 years, and b to use trade. Two basic components of the import policy of the government of india before. The government of india, ministry of commerce and industry announced new foreign trade policy on 01st april 2015 for the period 20152020, earlier this policy known as export import exim policy. For providing a thrust to the agricultural sector, concessional duty imports made by agro units under the epcg scheme shall be allowed to fulfill the export obligation over a longer period of time with a reduced export obligation i. Thus, the sez policy was introduced in india in 2000 as part of the exim policy and then legislated in 2005 under the sez act. Raj agrawal trade policies in india exim policies streamlined trade procedures liberalised import regime thrust on export orientation medium term export strategy, 2002 1% share in global exports by 2007 foreign trade policy 20042009 to double indias share in global merchandise trade by 2009 story so far in 1990s. Foreign trade policyexternal policyin every five years, the ministry of commerce and industry, government of india, announces theexportimport exim policy. To promote software and electronic hardware exports stpi was setup in 1991, having hqs in new delhi. The present publication is an attempt to provide guidance to. New schemes come into effect on the first day of financial year i.
Foreign trade policy is a set of guidelines or instructions issued by the central government in matters related to import and export of goods in india viz. Trade policy, 20092014, the central government hereby notifies the foreign trade policy, 20092014 as contained in annexure to this notification. It describes the market and product strategy envisaged and the measures required not just for export promotion but also for the enhancement of the entire trade. It is the exchange of goods and services between nations. A highly crucial aspect of economic liberalisation is the liberalisation in the field of foreign trade. Directorate general of foreign trade dgft organisation javascript is a standard programming language that is included to provide interactive features, kindly enable javascript in your browser. New foreign trade policy nftp was introduced due to change in government. New foreign trade policy exim policy 20042009 premble. New exim foreign trade policy highlights 2011, 2010, 2009 2014 from dgft, india also called indian foreign trade policy 2011, 2010, 2009 2014 annonced by commerce minister with annual supplement and links to exim policy 2004 09. The announcement of a new foreign trade policy for a five year period of 200409, replacing the hitherto nomenclature of exim policy by foreign trade policy ftp is another step in this direction. The national foreign trade policyan impact assessment. Foreign trade policy 2004 09 annual supplement 2005 3. To double indias share in global merchandise trade by 2020 as a long term aim of this policy. In this article we will discuss about the trade reforms in india.
The foreign trade policy of india is guided by the export import in known as in short exim policy of the indian government and is regulated by the foreign trade development and regulation act, 1992. Finally, a number of simulation methodologies, which. I am pleased to announce that not only have we almost doubled our exports within a short span of three years, but also, in. Meaning of foreign trade policyforeign trade policy is the combination of wordsfirst is foreign trade andsecond is policy foreign trade. This foreign trade policy ftp 20042009 re2008, incorporating provisions relating to export and import of goods and services, shall come into force with effect from 1st april, 2008 and shall remain in force till further amendments unless otherwise specified. Annual supplement 2007 to foreign trade policy 200409 foreword when i announced the foreign trade policy for 200409 three years ago, i had set a goal of doubling indias share in world trade by 2009. The existing foreign trade policy 200914 will remain in force until further orders are issued. Economy the percapita income of the country is very high. Energy efficient products and indian consumers bipul chatterjee deputy executive director, cuts international suresh p singh policy analyst, cuts international. Foreign trade policy is also known as exportimport policy or exim policy. Foreign trade policy 200409 foreword four years ago we had announced indias first ever integrated foreign trade policy for the period 200409. It takes an integrated view of the overall development of indias foreign trade and provides a roadmap for the development of this sector. Policy, 200409, the director general of foreign trade hereby notifies annual supplement of the handbook of procedures volume i incorporating annual supplement as updated on 19th april 2007 as contained in annexure to this public notice and the appendices to the handbook of procedures vol. Gujral director general of foreign trade and ex officio additional secretary to the government of.
Four years ago we had announced indias first ever integrated foreign trade policy. In exercise of the powers conferred under paragraph 1. However, it has been criticized on a number of counts. Foreign trade policy 1 st april, 2015 31 st march, 2020 government of india ministry of commerce and industry department of commerce. Foreign trade policy directorate general of foreign. As per the ministry of commerce and industry, an sez is a specifically delineated dutyfree enclave and shall be deemed to be foreign territory for the purpose of trade operations and duties and tariffs. International trade policies, industrialization and economic development dominick salvatore i abstract although it is commonly accepted that trade liberalization leads to a more rapid growth and development, some authors state that trade liberalization is mainly determined domestically, and opening up of trade and an investment regime help. The exim polices are adopted by any country regarding the exports and imports goods and services with other countries in the world. The policy aims at doubling indias percentage share of global merchandise trade to 1.
On august 27, 2009, the commerce and industry minister, anand sharma, presented the fiveyear foreign trade policy ftp for 20092014. Dgft directorate general of foreign trade is the main governing body in matters related to exim policy. The foreign trade policy which was announced on 28 th august, 2009 is an integrated policy for the period 200914. Goods can be defined as finished products, as intermediate goods used in producing other goods, or as agricultural products and foodstuffs.
Indias foreign trade policy for international business. As a result, in the 1990s regulatory reform increasingly was instigated as part of a broader package of reforms that were motivated by international economic policies. For providing a thrust to the agricultural sector, concessional duty. These are useful for understanding the determinants and patterns of trade and for assessing the trade effects of certain trade policies, such as wto accessions or the signing of preferential trade agreements. Having replaced the earlier export import policy, nftp aims to double indias share in global merchandise trade. To double indias percentage share of global merchandise trade by 2009. The overall thrust of papers 1 and 2 in combination is to provide a political economy perspective of past, present and future challenges to indian trade policy, and some of the more important challenges and solutions that confront india as it. Foreign trade policy and trends in india 194748 to200809 v. Unit i foreign trade and policy pondicherry university. Singapore has an exportdependent economic policy so the port is crucial to development it has one of the busiest seaports in the world.
Meaning of foreign trade policy foreign trade policy is the combination of words first is foreign trade and second is policy foreign trade. Indias foreign trade policy 200914 the union commerce ministry, government of india announces the integrated foreign trade policy ftp in every five year. While increase in exports is of vital importance, we have also to facilitate those imports which are required to. New exim foreign trade policy highlights 2011, 2010, 2009 2014 from dgft, india also called indian foreign trade policy 2011, 2010, 2009 2014 annonced by commerce minister with annual supplement and links to exim policy 200409. In the era of globalization, foreign trade has become the lifeline of any economy. Foreign trade policy 200409 free download as powerpoint presentation.
Indias foreign trade policy 200914 by cybex exim solution pvt ltd. The highlights of the indias foreign trade policy 20042009. The trade policies of 200409 and 200914,in these policies it is determined that india had to facilitate those imports which are required to stimulate our economy. India new interim exim policy 2009 is define for export import policy which is also known as foreign trade policy issued by dgft india. To arrest and reverse declining trend of exports is the main aim of the policy. Handbook on ha foreign trade policy ndbo and ok o guide to.
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