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Page 4 - பொருட்கள் ஏற்றுமதிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

exports: In competing with China and Vietnam, Indian exporters confront half-baked incentive schemes

In competing with China and Vietnam, Indian exporters confront half-baked incentive schemes Synopsis When the WTO took aim at India’s export incentive schemes, the government quickly came up with a better alternative. But the new scheme is stalling trade deals, claim exporters, as its rates haven’t been notified. And that is not the only problem with it. Puran Dawar, President of Agra Footwear Manufacturers and Exporters Chamber (AFMEC), recalls the days when leather goods exported from Agra were acknowledged globally for their quality and competitive pricing. This, he says, was partly made possible by various provisions under the government s Merchandise Exports from India Scheme (MEIS).

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