india's foreign trade policy

India’s Foreign Trade Policy2015-2020

Present by –Mr. Sushant Katare

About FTP

• Overall development of country’s foreign tradee.

• Economic growth and development of nation

• Increase double percentage share of global merchandise and employment generation.

INDRODUCATION

• Commerce Minister Nirmala Sitharaman introduce FTP (2015-20) Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) to boost outward shipments

• FTP is made product wise and location wise and tried to maximize the foreign trade from the country.

GOALS and OBJECTIVES • provide a stable and sustainable policy

environment for foreign trade • other initiatives such as ‘Make in India’, ‘Digital

India’ and ‘Skills India’• to gain global competitiveness • increasing the demand for India’s products and

contribution• To reduce the trade imbalance

LEGAL FRAMEWORK AND TRADE FACILITATION

• LEGAL FRAMEWORK –Section 5 of the Foreign Trade

(Development & Regulation) Act 1992.

• TRADE FACILITATION -

GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

• Importer-Exporter Code / e-IEC

• Prohibitions

• Import / Export Through State Trading Enterprises

• Trade with neighboring Countries• Import Policy for Metallic Waste and

Scraps• Other Provisions Related to Imports• Export Promotion Councils

EXPORTS FROM INDIA SCHEMES

• Merchandise Exports from India Scheme (MEIS)

• Service Exports from India Scheme (SEIS)

• Common Provisions for Exports from India Schemes (MEIS and SEIS)

DUTY EXEMPTION / REMISSION SCHEMES

• Duty Exemption Schemes.

• Duty Remission Scheme.

EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME

to facilitate import of capital goods for producing quality goods and services to enhance India’s export competitiveness.

EPCG Scheme allows import of capital goods for pre-production, production and post-production at Zero customs duty.

EOU, EHTP, STP & BTP

Objectives of these schemes are to promote exports, enhance foreign exchange earnings, attract investment for export production and employment generation.

QUALITY COMPLAINTS AND TRADE DISPUTES

Exporters need to project a good image of

the country abroad to promote exports. Maintaining an enduring relationship with foreign buyers is of utmost importance, and complaints or trade disputes, whenever they arise, need to be settled amicably as soon as possible.

Conclusion

THANK YOU