The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Commerce to continue export of sugar, without any quantitative restriction, in view of the surplus availability of sugar in the domestic market.

There will be no financial outgo on the part of the Government of India on account of this approval. This is expected to give a positive signal to exporters and the international community on the efforts of the Government of India to pursue a stable, long term and consistent export policy regime in the agriculture sector.

Continuation of sugar export without quantitative restriction signals a stable, long term export policy for agricultural trade. The Cabinet Committee on Economic Affairs approved the continuation of sugar export without quantitative restriction due to surplus domestic availability; the decision imposes no financial obligation on the Government and is intended to signal a stable, long term export policy while removing quantitative controls on sugar shipments to facilitate exporter access.