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Foreign Trade Policy of India
INDIA S FOREIGN TRADE POLICY 2009-14 By Cybex Exim Solution Pvt Ltd.

INDIA S FOREIGN TRADE POLICY 2009-14
‡ What is Foreign Trade Policy?
The Union Commerce Ministry, Government of India announces the integrated Foreign Trade Policy FTP in every five year. This is also called EXIM policy. This policy is updated every year with some modifications and new schemes. New schemes come into effect on the first day of financial year i.e. April 1, every year. The Foreign trade Policy which was announced on August 28, 2009 is an integrated policy for the period 2009-14.

Cybex Exim Solution Pvt Ltd.

INDIA S FOREIGN TRADE POLICY 2009-14
‡ Objectives of Foreign Trade Policy 2009-14

‡

1. To arrest and reverse declining trend of exports is the main aim of the policy. This aim will be reviewed after two years. 2. To Double India's exports of goods and services by 2014. 3. To double India's share in global merchandise trade by 2020 as a long term aim of this policy.India's share in Global merchandise exports was 1.45% in 2008.

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Cybex Exim Solution Pvt Ltd.

INDIA S FOREIGN TRADE POLICY 2009-14
‡ Objectives of Foreign Trade Policy 2009-14

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4. Simplification of the application procedure for availing various benefits 5. To set in motion the strategies and policy measures which catalyse the growth of exports To encourage exports through a "mix of measures including fiscal incentives, institutional changes, procedural rationalisation and efforts for enhance market access across the world and diversification of export markets.

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Cybex Exim Solution Pvt Ltd.

INDIA S FOREIGN TRADE POLICY 2009-14
‡ Aim in General ‡ The policy aims at developing export potential, improving export performance, boosting foreign trade and earning valuable foreign exchange. FTP assumes great significance this year as India's exports have been battered by the global recession. A fall in exports has led to the closure of several small- and medium-scale
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