Foreign Trade Policy to be extended till March

On March 31, 2020, the government had extended the Foreign Trade Policy (FTP) 2015-20 for one year till March 31, 2021

New foreign trade policy may have simpler export promotion schemes

The government is targeting to increase the exports to USD one trillion in coming years.

During 2018-19, the overseas shipments grew by 9 per cent to USD 331 billion.

The minimum import price of broken kernels has been set at Rs 680 from an earlier Rs 288 and whole kernels Rs 720 from Rs 400.

Board of Trade (BoT) would seek views of all stakeholders on the forthcoming foreign trade policy.

The judge pointed out that the DG of Foreign Trade issued the notification despite the status quo granted by this court earlier.

Entering the negative terrain after more than a year, exports contracted by 1.12 per cent in October.

Trade deficit widened to USD 14 billion from USD 11.13 billion in October 2016.

Commerce and Industry Minister Suresh Prabhu said promotion of international trade would help boost India's economic growth.

Show will give an opportunity to Indian exporters to showcase their wide range of products in the food sector.