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FTP: More clarity, please: Exporters want Govt to define the contours of the new Foreign Trade Policy

FTP: More clarity, please: Exporters want Govt to define the contours of the new Foreign Trade Policy
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FTP: More clarity, please: Exporters want Govt to define the contours of the new Foreign Trade Policy

More clarity, please: Exporters want Govt to define the contours of the new Foreign Trade Policy Synopsis With the new FTP likely to be announced in October, exporters are hoping it will have well-crafted policy measures that will give them a level playing field with other countries and bolster growth in the long run. In March 2018, the US had challenged certain export promotion schemes of India, alleging that these largely created an uneven playing field for competing nations. The Merchandise Exports from India Scheme (MEIS), Exports Oriented Units Scheme and sector-specific schemes were some of the subsidy programmes under the lens. Consequently, a World Trade Organization (WTO) dispute panel ruled in October 2019 that India’s subsidy schemes were not in

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