Foreign Trade Policy

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”Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India” The Foreign Trade Policy 2009-14 of the Govt. of India is a “holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.” On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act as a facilitator to intensive exporters to get them out of what we may call the tsunami. Objectives of last 2 policies of Foreign Trade of Govt. of India 1) 2004-2009 The last 5 years (2004-09) FTP was released on 1st September in the year 2004.…show more content…
3. Incentive available under FMS raised from 2.5% to 3%. 4. Incentive available under Focus Product Scheme (FPS) raised from 1.25% to 2%. 5. Widens scope for products to be included for benefits under FPS. Additional engineering products, plastic and some electronics get a look in. 6.Market Linked Focus Product Scheme (MLFPS) expanded by inclusion of products like pharmaceuticals, textile fabrics, rubber products, glass products,auto components, motor cars, bicycle and its parts.etc. Benefits to these products will be provided, if exports are made to 13 identified markets (Algeria, Egypt, Kenya, Nigeria,South Africa, Tanzania, Brazil, Mexico, Ukraine, Vietnam, Cambodia, Australia and New Zealand). 7. Common simplified application form introduced for taking benefits under FPS, FMS, MLFPS and VKGUY. 8. Higher allocation for Market Development Assistance (MDA) and Market Access Initiative (MAI) 9. To aid technological upgradation of export sector, EPCG Scheme at Zero Duty has been introduced. 10. Jaipur, Srinagar and Anantnag have been recognised as‘Towns of Export Excellence’ for handicrafts; Kanpur,Dewas and Ambur for leather products; and Malihabad for horticultural products. 11. Export obligation on import of spares, moulds etc. under EPCG Scheme has been reduced by 50%. 12. Taking into account the decline in exports, the facility of Re-fixation of Annual Average Export Obligation for a particular
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