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Leverage GST, explore new markets to spur exports: Revised FTP

Author: IANS/Tuesday, December 5, 2017/Categories: TRACKING THE GST

Leverage GST, explore new markets to spur exports: Revised FTP

New Delhi, Dec 5 - The Union government on December 5 released the "Mid-Term Review of Foreign Trade Policy" (2015-20) to focus on strategies to spur exports.

According to the Ministry of Commerce & Industry, the revised FTP focuses on the goal of exploring new markets and new products as well as on increasing India's share in the traditional markets and products.

"The revised FTP focuses on... leveraging benefits of GST by exporters; close monitoring of export performances and taking immediate corrective measures based on state-of-the-art data analysis; increasing ease of trading across borders; increasing the realisations from Indian agriculture based exports," the ministry said in the foreign trade policy statement 2017.

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Kavita Giridhar Mallya

IANS

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