Thursday, 12 January 2017

Commerce Ministry initiates review of FTP

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The commerce ministry has said that it has started the review of the foreign trade policy by consulting all stakeholders to see whether any support is required for certain sectors to further boost exports. Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman said that the foreign trade policy (FTP) was in the process of a review.

"When it (FTP) was announced in 2015, we had said we will go in for a mid-term review so that if there is any tweaking that has to be done, it will be done. The exercise of consulting people and taking stakeholders into confidence is on.

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