ARTICLE · 13 APRIL 2023

Key Highlights Of FTP-2023

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The Indian government on 31st March, 2023 announced the new Foreign Trade Policy (FTP) 2023 proving to be a boost to exports amid slowing global trade. The FTP 2015-20 was extended...

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The Indian government on 31st March, 2023 announced the new Foreign Trade Policy (FTP) 2023 proving to be a boost to exports amid slowing global trade. The FTP 2015-20 was extended due to the COVID-19 pandemic and the conflict in Europe in an attempt to respond dynamically to the emerging situations. The new foreign trade policy outlines the vision to take India's goods and services exports to $2 trillion by 2030.

MAIN ASPECTS OF FTP-2023

Incentive to Remission
Ease of doing business, reduction in transaction cost and e-initiatives
Export promotion through collaboration – Exporters, States, Districts, Indian Missions
Emerging Areas – E-Commerce Developing Districts as Export Hubs and streamlining SCOMET policy

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