Unit i foreign trade and policy pondicherry university. Presentation on foreign trade policy 200409 objective. Foreign trade policy 200409 foreword four years ago we had announced indias first ever integrated foreign trade policy for the period 200409. It takes an integrated view of the overall development of indias foreign trade and provides a roadmap for the development of this sector. The concept of ftwz is new and has been recently introduced in the fiveyear foreign trade policy 2004 09. Indias foreign trade, policy and trends, indian foreign.
Merchandise exports from india scheme meis a earlier there were 5 different schemes focus product scheme, market linked focus product scheme, focus market scheme, agri. Foreign trade policy is also known as exportimport policy or exim policy. In free trade policy there is complete absence of restrictions on the exchange of goods and services among the. Foreign trade policy f 200409 economic growth economy. All books are in clear copy here, and all files are secure so dont worry about it. The new foreign trade policy of the union government was unveiled by the commerce minister shri. Public notice no 1re2008 200409 new delhi, dated the 11th april, 2008 in exercise of powers conferred under paragraph 2. Foreign trade policy directorate general of foreign trade. The foreign trade policy or what is also called exportimport exim policy relates to promotion of exports and regulation of imports so as note only to overcome trade deficit but also to promote economic growth.
Having ten new chapters, including comparative study of business environments in india, china, selection from business environment, 2nd edition book. The revised edition of business environment presents a thorough overhaul, updated with the latest information and developments. Foreign trade policy 200409, though it does not alter the broad contours of the main policy, recognises the dynamic nature of international trade and the consequent need for periodic realignment and an integrated approach to the developmental requirements of indias foreign trade. I am pleased to announce that not only have we almost doubled our exports within a short span of three years, but also, in. Section ii presents the foreign trade policies 200409, 200914, annual policy supplement of 2010, and stimulus measures announced by government of india and reserve bank of india in the context of the global melt down that affected indias trade sector from the second half 200809. It has been developed with an objective to enable a single window access to information and services being provided by the various indian government entities. The foreign trade policy is concerned with whether a country should adopt the policy of free trade or of protection. Exim policy and foreign trade of india in post reform era. The foreign trade policy takes an integrated view of the overall development of indias foreign trade.
Meaning of foreign trade policyforeign trade policy is the combination of wordsfirst is foreign trade andsecond is policy foreign trade. Scribd is the worlds largest social reading and publishing site. The new foreign trade policy 200409 takes an integrated view of the overall development of indias foreign trade and provides a roadmap for the development of this sector. The exim polices are adopted by any country regarding the exports and imports goods and services with other countries in the world. The government of india, ministry of commerce and industry announced new foreign trade policy on 01st april 2015 for the period 20152020, earlier this policy known as export import exim policy. The modi administrations first foreign trade policy, unveiled on april 1, represents a pragmatic step forward in this regard. Basic concepts of ftp foreign trade policy trade and commerce a free short video by prof. The announcement of a new foreign trade policy of india for a five year period of 2004 09, substituting until now taxonomy of exim policy by foreign trade policy is major step in the development of foreign trade policy. Aug 28, 2009 objectives of foreign trade policy 200914. For establishing and creating required infrastructure in free trade and warehousing zones 100% fdi has. Ftwz free trade and warehousing zones is a policy of the government of india goi. The trade policy, 1992 however, largely remained unable to address issues of international trade dynamism, affiliation with regional and multilateral trading system, expansion of bilateral free trade area. The policy aims at doubling indias percentage share of global merchandise trade to 1.
Meaning of foreign trade policy foreign trade policy is the combination of words first is foreign trade and second is policy foreign trade. This text was adapted by the saylor foundation under a. Upa1 government announced its foreign trade policy for. The course develops arguments that support a free trade policy as well as arguments that support various types of protectionist policies. Shantanu pethe cacscma coach on foreign trade policy 2015.
Free trade policy implies absence of any artificial restriction on or obstacle to the freedom of trade of a country with other nations. This policy made the overall development of indias foreign trade and offers guidelines for the development of this sector. Trade agreement apta, indiasri lanka free trade agreement. Worlds best powerpoint templates crystalgraphics offers more powerpoint templates than anyone else in the world, with over 4 million to choose from. The new united progressive alliance upa government at the centre changed the name of exim policy and called it foreign trade policy ftp. Stp ehtp units are free to import all capital goods those required for creating stp infrastructure unless otherwise the same are in the prohibited list. Indias foreign trade policy for international business. The national foreign trade policy 200409 researchgate. Upa1 government announced its foreign trade policy for a five year period 2004 09 on august 31, 2004. Pdf exim policy and foreign trade of india in post reform era. Policy, 200409, the director general of foreign trade hereby notifies. Changes in technology, liberalisation of host country policies towards trade and investment.
If the policy of protection of domestic industries is adopted, the question. The objective of an international trade course is to understand the effects of international trade on individuals and businesses and the effects of changes in trade policies and other economic conditions. Trade policy trade policies determine the size of markets for the output of firms and hence strongly influence both foreign and domestic investment. An eminent person or expert on trade policy shall be nominated as president of the board of trade, which shall have a secretariat and separate budget head, and will be serviced by the department of commerce.
Free trade zone government of india policy background. Singapore has an exportdependent economic policy so the. The announcement of a new foreign trade policy for a five year period of 200409, replacing the hitherto nomenclature of exim policy by foreign trade policy ftp is another step in this direction. To arrest and reverse declining trend of exports is the main aim of the policy.
Cooper a distinction is sometimes drawn between high foreign policy and low foreign policy, with the former concerning matters of national security and survival and the latter concerning a large number of secondary. Eximkey india dgft, customs, excise, export import policy. Policy of noninterference by government in foreign trade is referred to as free trade. To double indias share in global merchandise trade by 2020 as a long term aim of this policy. Foreign trade policy 1 st april, 2015 31 st march, 2020 government of india ministry of commerce and industry department of commerce. Exim policy 20042009 ppt free download as powerpoint presentation. Foreign trade policy f 200409 free download as powerpoint presentation. New foreign trade policy nftp was introduced due to change in government.
It was announced in the foreign trade policy 2004 09 to set up free trade and warehousing zones ftwz to create trade related infrastructure to facilitate the import and export of goods and services with the freedom to carry out trade transactions in free currency. It is the exchange of goods and services between nations. Directorate general of foreign trade dgft organisation javascript is a standard programming language that is included to provide interactive features, kindly enable javascript in your browser. New foreign trade policy exim policy 20042009 premble. Stpehtp scheme to promote exports from the country, govt. New foreign trade policy 2015 2020 known as exim policy. This is reflected in its foreign trade policy for 200409 which. Goods can be defined as finished products, as intermediate goods used in producing other goods, or as agricultural products and foodstuffs. Pdf over the past two decades, tanzania has embarked on a marked liberalization of its trade regime. Highlights of foreign trade policy 201520 title come here title come here title come here title come here confectionary, pharmaceutical background the long awaited foreign trade policy 201520 the ftp or the policy has been announced by the government. The highlights of the indias foreign trade policy 20042009. To double indias exports of goods and services by 2014. Foreign trade policy is about a countrys decision on which other countries they will do business with.
Singapore has an exportdependent economic policy so the port is crucial to development it has one of the busiest seaports in the world. The policy is mainly focused to meet two major objectives. Foreign trade policy 1 st april, 2015 31 st march, 2020 updated upto 30 06 2015 government of india ministry of commerce and industry department of commerce. At that time we had indicated two major objectives, namely a to double our percentage of global merchandise trade within 5 years, and b to use trade. The government of india had announced in the foreign trade policy 200409 to set up free trade zones ftz to create trade related infrastructure to facilitate the import and export of goods and services with freedom to carry out trade transactions in free currency. Mar 21, 2017 foreign trade policy 3 advanced countries like germany, the united states, japan and others have used their trade policy to a restrict their imports and provide a sheltered market for their own industries so that they could develop rapidly and b promote their export so that their expanding industries could secure foreign markets. A free powerpoint ppt presentation displayed as a flash slide show on id. Gk, general studies, optional notes for upsc, ias, banking, civil services.
Theyll give your presentations a professional, memorable appearance the kind of sophisticated look that todays audiences expect. Handbook on ha foreign trade policy ndbo and ok o guide to. Avoiding inverted duty structures and ensuring that our domestic sectors are not disadvantaged in the free trade agreementsregional trade agreements. Foreign trade policy, 27th august 2009 31st march 2014 free download as pdf file. The foreign trade policy in india is formulated and implemented mainly by the ministry of commerce and industry, but also in consultation with other concerned ministries, such as finance, agriculture, and textiles, and the reserve bank of india rbi. The trade policies of 200409 and 200914,in these policies it is.
Annual supplement 2007 to foreign trade policy 200409 foreword when i announced the foreign trade policy for 200409 three years ago, i had set a goal of doubling indias share in world trade by 2009. Over time, the influence of trade policies on the investment climate is growing. Consequently, on august 31, 2004, the commerce and industry minister, mr. Foreign trade policy directorate general of foreign. Foreign trade policy electronic data interchange customs. Winner of the standing ovation award for best powerpoint templates from presentations magazine. Foreign exchange management the foreign exchange management act, 1999 fema is an act of the parliament of india to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in india. To promote software and electronic hardware exports stpi was setup in 1991, having hqs in new delhi. The board of trade shall be revamped and given a clear and dynamic role.
Ppt foreign trade and india powerpoint presentation free. Stpehtp scheme n to promote exports from the country, govt. Energy efficient products and indian consumers bipul chatterjee deputy executive director, cuts international suresh p singh policy analyst, cuts international. Foreign trade policy 200409 national portal of india. As earlier india has also a type of closed economy and free trade was. Trade policies can be of two types, the free trade policy and the protective trade policy. A new scheme to establish free trade and warehousing zone has been introduced to create traderelated infrastructure to facilitate the import. It was announced in the foreign trade policy 200409 to set up free trade and warehousing zones ftwz to create trade related infrastructure to facilitate the import and export of goods and services with the freedom to carry out trade transactions in free currency on june 23, 2005, the parliament of india. Policy, 200409, the director general of foreign trade hereby notifies annual supplement of the handbook of procedures volume i incorporating annual supplement as updated on 19th april 2007 as contained in annexure to this public notice and the appendices to the handbook of procedures vol. The below mentioned article provides an essay on foreign trade policy in indian economy with regards to free trade versus protection. The government of india had announced in the foreign trade policy 200409 to set up free trade zones ftz to create trade related infrastructure to facilitate the import and export of goods and services with freedom to carry out. The present publication is an attempt to provide guidance to.
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