NEW DELHI: The central government is expected to release the new Foreign Trade Policy (FTP) by the end of this month with a vision of increasing exports of goods and services worth $2 trillion by 2030, Commerce Secretary Sunil Barthwal has said.
The government is expected to release the new five-year foreign trade policyby the end of this month, with a view to promoting the country's outbound shipments of goods and services, a top official said on Wednesday.
The current foreign trade policy (2015-20) is in force till March 31, 2022. Commerce Secretary Sunil Barthwal said that the ministry has looked at various aspects of that FTP as the policy is basically the collection of various incentive schemes. They are also adding the aspect of vision into that as the ministry is targeting to take the goods and services exports to USD 2 trillion by 2030. "So, within that framework, we have worked out our Foreign Trade Policy and we are expecting that it would be released by the end of this month," he told reporters here. FTP provides guidelines for enhancing exports to push economic growth and create jobs. It was first extended on March 31, 2020, for one year due to the coronavirus outbreak and the lockdown.
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