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of <h1>India's Foreign Trade Policy 2023 Enhances Trade Facilitation and Transparency, Introduces Digital Initiatives, and Supports Export Sectors</h1> The Foreign Trade Policy (FTP) 2023, enacted under the Foreign Trade (Development & Regulation) Act, 1992, governs India's export and import activities from April 1, 2023. The policy allows the Central Government to amend provisions as needed and outlines procedures through the Director General of Foreign Trade (DGFT). It emphasizes trade facilitation, transparency, and infrastructure enhancement, aligning with the World Trade Organization's Trade Facilitation Agreement. The policy also includes digital initiatives for ease of business, such as e-certificates and online dispute resolution. Exporters are categorized by performance, granting them privileges like self-certification and reduced clearance times. The policy supports specific sectors with duty-free entitlements and recognizes towns of export excellence.
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