India new foreign trade policy 2009 2014 foreign trade policy exim policy 20102011 annual supplement the government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 20092014, earlier this policy known as export import exim policy. The government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 2009 2014, earlier this policy known as export import exim policy. Foreign trade policy 20092014 announced all ftp related news and information at one place. The foreign trade policy which was announced on august 28, 2009 is an integrated policy for the period 200914. Review of foreign trade policy 20092014 cuts citee. Major highlights of foreign trade policy 200914 taxguru. Foreign trade bill passed by parliament on 19 august, president gives assent. Indias foreign trade policy 200914 aim in general the policy aims at developing export potential, improving export performance, boosting foreign trade and earning valuable foreign exchange. I herein after referred to as the handbook have been notified by the dgft vide notification no. The annual supplement 2012 to foreign trade policy 200914 has made several changes to the foreign trade policy of india that are expected to benefit the exporters and reduce transactional expenses. Trade policies can be of two types, the free trade policy and the protective trade policy. On august 27, 2009, the commerce and industry minister, anand sharma, presented the fiveyear foreign trade policy ftp for 2009 2014. Foreign trade policy re 2012 2009 14 from 5 6 2012 to 31 3 2015. Foreign trade policy is also known as exportimport policy or exim policy.
Foreign trade policy 20092014 released thon 27 august 2009 appendix 37d list of notified electronic products under focus product scheme fps incorporating all amendments up to 5 june 2012 sl. Aug 27, 2009 the features of the foreign trade policy for 2009 14 which was announced by commerce minister, anand sharma, on thursday are. Apr 18, 20 the annual supplement 20 14 of foreign trade policy 2009 14 was announced today by mr anand sharma, minister for commerce, industry and textiles, government of india. The upa government has assumed office at a challenging time when the entire world is.
Review of foreign trade policy 20092014 introduction the two main objectives of the previous foreign trade policy ftp were. Highlights of foreign trade policy 20092014 higher support for market and product diversification 1. Aiming to reverse contraction in exports for 10 consecutive months, the new ftp has several measures to ensure a healthy growth of foreign trade. The objectives of the foreign trade policy of india.
The annual supplement 2012 to foreign trade policy 2009 14 has made several changes to the foreign trade policy of india that are expected to benefit the exporters and reduce transactional expenses. On issuance of such an order, for reasons to be recorded in writing, a firm may be refused grant or renewal of a license, certificate, scrip or any instrument bestowing financial or fiscal benefits. Annual supplement 201011 to the foreign trade policy 2009 14. The indian government has announced a slew of measures to boost the foreign trade activities of the country. Foreign trade import export, suppliers manufacturers. The exim polices are adopted by any country regarding the exports and imports goods and services with other countries in the world. Highlights of the annual supplement 201011 to the foreign trade policy 2009 14. The annual supplement 2014 of foreign trade policy 200914 was announced today by mr anand sharma, minister for commerce, industry and textiles, government of india. 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. These include 16 new markets in latin america and 10 in asiaoceania. Foreign trade policy ftp, 200914 the annual supplement to the foreign trade policy hereinafter referred to as the ftp, 20092014 and the handbook of procedures vol. To arrest and reverse declining trend of exports is the main aim of the policy. Foreign trade policies of india introduction foreign trade policy is also known as exportimport policy or exim policy.
The indian government has announced a slew of measures to boost the foreign trade activities of. 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. The foreign trade policy which was announced on thursday august 28, 2009 is an integrated policy for the period 200914. Peoples republic of korea, namely, 1718 2006, 1874 2009, 2087. Highlights of the annual supplement 201011 to the foreign trade policy 200914. Foreign trade policy 1 st april, 2015 31 st march, 2020 government of india ministry of commerce and industry department of commerce. 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. The year 2009 is witnessing one of the most severe global recessions in the postwar period. Foreign trade policy 20092014 total export solutions.
May 25, 2015 indias foreign trade policy also known as export import. The government of india, ministry of commerce and industry announced new foreign trade policy on 27th august 2009 for the period 20092014, earlier this policy known as export import exim policy. Oct 31, 2009 indias foreign trade policy 200914 refixation of annual average export obligation. New foreign trade policy 200914 free download as powerpoint presentation. In the era of globalization, foreign trade has become the lifeline of any economy. Mou has been signed with 14 state governments for sharing of ebrc data to facilitate refund of. The regulation of trade is constitutionally vested in the united states congress. The information provided here is part of import export course online. I hereinafter referred to as the handbook have been notified by the dgft vide notification no. To double indias exports of goods and services by 2014.
The foreign trade policy of india is based on two major objectives, they are as follows. Foreign trade policy of india 201520 ftp 201520 announced on 01 st april 2015 to support manufacturers and service sectors with special emphasis to improve ease of doing business. Feb 23, 2012 the foreign trade policy which was announced on august 28, 2009 is an integrated policy for the period 200914. Standing committee on commerce invites suggestions on foreign trade development and regulation amendment bill, 2009.
Foreign trade policy directorate general of foreign. This policy is updated every year with some modifications and new schemes. I and other conditions which may be listed in the title itc hs classification of export and import items. To double indias share in global merchandise trade by 2020 as a long term aim of this policy. Foreign trade policy 20152020 announced on 1 april. Foreign trade policy, 20152020 ftp was unveiled on april 1, 2015 at the vigyan bhawan, delhi, thus laying down a road map for indias global trade engagement in the coming years. The foreign trade policy ftp, 20092014 herein after referred to as the policy and the handbook of procedures vol.
The trade policies of 200409 and 200914,in these policies it is. Indias foreign trade policy 200914objectives of foreign trade policy 200914 1. Objectives of foreign trade policy 200914 to arrest and reverse declining trend of exports is the main aim of the policy. Aug 28, 2009 objectives of foreign trade policy 200914. Indias foreign trade policy also known as export import. As an immediate relief, the government provided a policy environment through a. Foreign trade policy 2009142011 free download as powerpoint presentation. To achieve this target, the exports need to grow at about 14% every year. This five year foreign trade policy introduces new schemes for exporters of india called meis, merchandise exports from india. India new foreign trade policy 2009 2014 also known as.
Product category admissible date of export period 1 table 1. Incentive schemes under chapter 3 have been expanded by way of addition of new products and markets. Indias foreign trade policy 200914 the union commerce ministry, government of india announces the integrated foreign trade policy ftp in every five year. The features of the foreign trade policy for 200914 which was announced by commerce minister, anand sharma. We want to provide a stable policy environment conducive for foreign trade and we have decided to continue with the depb scheme upto. Foreign trade policy ftp 200914 annual report 2014 41 4 external sector and indias foreign trade policy ftp 200914 in view of the decline in export growth as an immediate relief, the government provided a policy environment through a mix of measures including fiscal incentives, institutional changes, procedural rationalization, and. Taking into account the decline in exports, the facility of refixation of annual average export obligation for a particular financial year in which there is decline in exports from the country, has been extended for the 5 year policy period 200914. The primary purpose is not the mere earning of foreign exchange, but the stimulation of greater economic activity. The commerce and industry ministry is expected to announce the new fiveyear foreign trade policy 201419 by the end of this month as it seeks to. Xthe recession is said to be over and therefore additional fiscal support by way of incentives would be for those sectors only which are still lacking behind. After the great depression, the country emerged as among the most significant global trade policymakers, and it is now a partner to a number of international trade agreements, including the general agreement on tariffs and trade gatt and the world trade organization wto. After the great depression, the country emerged as among the most significant global trade policy makers, and it is now a partner to a number of international trade agreements, including the general agreement on tariffs and trade gatt and the world trade organization wto. Handbook on ha foreign trade policy ndbo and ok o guide to.
Let us compare these objectives and goals in the vision, mission and objectives in the ftp 201520 with foreign trade policy 200914. Economics for everyone indias foreign trade policy ftpexim. Foreign trade policy 2015 2020 directorate general of. Countries across the world have been affected in varying degrees and. Annual supplement 201011 to the foreign trade policy 200914.
India new foreign trade policy 2009 2014 also called indian new exim policy issued by dgft and. 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. If your business is trade shows, customs, trade finance, inspection, insurance, trade laws, trade solutions, translation or involves in foreign trade supply chain, you will want to be part of the world largest international b2b trade community. Exporters of notified products are entitled for duty credit scrip equivalent to 5% of fob value of exports in free foreign exchange for exports made from 27. Unit i foreign trade and policy pondicherry university. This growth is a function of global recovery, which seems to be distant at present. If a firm is placed under del all new licences, scrips, certificates, instruments. Foreign trade policy 201520, hand book of procedures. Higher support for market and product diversification.
The upa government has assumed office at a challenging time when the entire world is facing an unprecedented economic slowdown. India new foreign trade policy 2009 2014 also known as indian. Let us compare these objectives and goals in the vision, mission and objectives in the ftp 201520 with foreign trade policy 2009 14. Foreign trade policy 1 st april, 2015 31 st march, 2020. Foreign trade policy 2015 2020 directorate general. Amendments in chapter 3 of foreign trade policy 200914.
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