Foreign trade policy of india pdf

the trade agreement as decided by the WTO. Benefits Of WTO l It helps promote peace and prosperity across the globe. l Disputes are settled amicably. l Rules bring about greater discipline in trade negotiations, thereby reducing inequalities to a large extent. India and World Trade Organization FOREigN TRaDE R C Rajamani CONCERNS x Foreign Trade Policy and Trends in India: 1947-48 to 2008-09 6.7.2 Employment Generation 6.7.3 Technology Upgradation 6.7.4 Growth-oriented 6.8 EXIM Policy, 2003-04 6.9 Mini EXIM Policy, January 2004 6.10 Foreign Trade Policy (FTP) 2004-09 6.10.1 Objectives and Strategy Recently "Foreign Trade Policy 2009-14", which was announced on 27-8-2009, has completed its period and the same is replaced by a new Foreign Trade Policy 2015-20. The new Foreign Trade Policy came into force from 1st April, 2015 and will continue till 31st March, 2020. Key Highlights of New Foreign Trade Policy: The Foreign Trade Policy (FTP), 2015-2020, incorporating provisions relating to export and import of goods and services shall come into force with effect from the date of notification and shall remain in force up to 31st March, 2020, unless otherwise specified. All exports and imports made up to the date of notification shall, accordingly, be Trade Policy, 2009-2014, the Central Government hereby notifies the Foreign Trade Policy, 2009-2014 as contained in Annexure to this notification. The Policy shall come into force w.e.f. 27th August, 2009. This issues in Public interest. ( R. S. Gujral ) Director General of Foreign Trade and Ex Officio Additional Secretary to the Government of foreign policy making. India's coastline is vital for its foreign policy. Indian Ocean was used as a route for penetration into India during 17th -19th centuries by the French, British, Dutch and the Portuguese. Most of the foreign trade of India goes through the Indian Ocean. India ushered in 1991, there has, however, been an increase in India's foreign trade-GDP ratio - it is about 20 per cent now. This unit concentrate on the main dimension of foreign trade and policy namely various trade theories, Terms of Trade, Balance of Payments and Adjustment Mechanism in Payments. This five year foreign trade policy introduces new schemes for exporters of India including the Merchandise facilitation is also one of the features of Foreign Trade Policy of India 2015-20. The Ministry of Commerce and Industry undertook a mid-term review of the FTP post which a revised FTP 2015-20 was released on 5 December 2017. The Growing value of exports: The total value of. India's international trade has go ne up from US $ 1269. million in 1 950-51 to nearly US $ 8486 million in 1980 - 81. and to US $ 303,526million in 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. The government is pitching India as a friendly destination for manufacturing goods, some key features of the new foreign trade policy are. India to be made a significant participant in world trade by 2020. Merchandise exports from India Scheme (MEIS) to promote specific services for specific markets foreign trade policy. developmental requirements of India's foreign trade. This is the context of the new Fo