With an objective of boosting exports and domestic manufacturing and reducing trade deficit,Ministry of Commerce and Industry has started an exercise to review the current Foreign Trade Policy.

The present Foreign Trade Policy was brought out on 1^st April 2015 and is valid for five years which ends on 31^st March 2020. A midterm review was held in December 2017 after the introduction of GST.

Directorate General of Foreign Trade has brought out Trade Notice No. 21/2019-20 dated 28.06.2019 read with Trade Notice No. 22 dated 03.07.2019, inviting suggestions for the proposed new policy, within 15 days, from all concerned, which can be uploaded on Google Form on the link http://bit.ly/2NuJh9Z.

In this regard the Ministry of Commerce & Industry is also holding consultations with various stakeholders including exporters, industry associations, commodity boards, foreign missions, State governments and various ministries of Government of India.

Foreign Trade Policy review invites stakeholder suggestions to reshape export and manufacturing measures before policy expiry. Review of the Foreign Trade Policy aims to boost exports, strengthen domestic manufacturing, and reduce the trade deficit by initiating a formal review and stakeholder consultation process. The Directorate General of Foreign Trade issued public Trade Notices inviting written suggestions via an online form within a short submission window, while the Ministry is conducting consultations with exporters, industry associations, commodity boards, foreign missions, state governments and other ministries to inform the policy revision.