India Extends Foreign Trade Policy for Six Months

New Delhi: The Government has received requests from Export Promotion Councils and leading exporters to continue with the current Foreign Trade Policy 2015-20, which had been extended from time to time, the Ministry of Commerce & Industry stated.

In recent days, exporters and industry bodies have strongly urged the Government that in view of the prevailing, volatile global economic and geo-political situation, it would be advisable to extend the current FTP for some time, and undertake more consultations before coming out with the new policy, the ministry explained.

The Government has always involved all stakeholders in formulating policy. In view of this, it has been decided to extend the FTP Policy 2015-20, valid till 30th September, 2022 for a further period of six months, w.e.f. 1st October, 2022, the ministry said.