India News | Govt Decides to Extend Foreign Trade Policy by 6 Months

New Delhi, Sep 26 (PTI) The government on Monday said it has decided to extend the existing Foreign Trade Policy (2015-20) by another six months till March 2023.

The current Foreign Trade Policy (FTP) was to end on September 30.

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Additional Secretary in the Department of Commerce, Amit Yadav, said there were demands from different quarters, including industry associations and export promotion councils, to extend the policy and not introduce a new policy at this time.

They have stated that currently there are challenges like global uncertainties and currency fluctuations.

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There was also a view to align the rollout of the new policy with the new financial year.

The commerce and industry ministry had earlier announced that it will release the new FTP by the end of this month.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

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