Latest News | New Foreign Trade Policy May Be Released by End of This Month: Commerce Secy

New Delhi, Mar 15 (PTI) The government is expected to release the new five-year foreign trade policy (FTP) by 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.

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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.

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"So, within that framework, we have worked out our FTP 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.

(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)