The Foreign Trade Policy 2015-20, valid till September 30, 2022, has been extended for a further period of six months, w.e.f. October 1, 2022, intimated a Ministry of Commerce & Industry communique.
This follows the government receiving requests from Export Promotion Councils and leading exporters that the current Foreign Trade Policy (2015-20) should be continued. It has been extended from time to time.
In recent days, exporters and industry bodies have strongly urged the government that in view of the prevailing, volatile global economic and geo-political situation, it would be advisable to extend the current policy for some time, and undertake more consultations before coming out with the new policy.
The government has always involved all stakeholders in formulating policy, the communique emphasised.
Source: Exim News Service: New Delhi, Sept. 27