Category: Foreign Trade Policy

Dec 01

MINISTRIES, DEPARTMENTS AND OTHER REGULATORY AGENCIES

CBIC (Central Board of Indirect Taxes and Customs) www.cbic.gov.in, www.icegate.gov.inDGFT (Directorate General of Foreign Trade)Other Ministries, Departments and AgenciesMinistries/Departments:Ministry of Information & Broadcasting (I&B)Ministry of New and Renewable Energy (MNRE)Dept of Animal Husbandry, Dairying and FisheriesDepartment of Atomic EnergyDepartment of Chemicals and Petro ChemicalsMinistry of Electronics and Information TechnologyMinistry of Environ., Forest and Climate ChangeDepartment of Scientific & Industrial ResearchWireless Planning and Coordination WingLegal Metrology Division, Dept of Consumer Affairs Other Agencies:Agri. Products Export Development AuthorityAnimal Quarantine & Certification ServicesApparel Read Full Details…

Jun 12

How to Identify Emerging Areas in the International Market for Exporting Goods

In today’s globalized economy, identifying emerging areas in the international market is crucial for businesses looking to expand their export operations. These emerging areas offer tremendous growth potential, new business opportunities, and access to untapped consumer markets. However, navigating the international market landscape can be challenging without a strategic approach. The key strategies and considerations for identifying emerging areas in the international market for exporting goods are: Identifying emerging areas in the international market for exporting goods requires a systematic Read Full Details…

May 15

Know about India’s Dynamic Trade Policy Created History in Foreign Trade

India has long been a hub of international trade and commerce, dating back to ancient times when it served as a major trading center for spices, textiles, and other goods. Today, India is one of the world’s fastest-growing economies and a major player in the global trade landscape. The country’s dynamic trade policy has been a key driver of this growth, allowing Indian businesses to expand their reach and compete on a global scale. Over the past few years, India’s Read Full Details…

Apr 17

New foreign trade policy tightens norms on ‘gift’ imports

It may become easier to receive Rakhis and life-saving drugs as gifts from relatives or friends abroad, under India’s new Foreign Trade Policy (FTP), even though it has tightened provisions for other gifts from overseas, including those purchased from global e-commerce portals. As per the 2015-20 trade policy, whose provisions were extended till March 31 this year, the import of gifts was free in case of goods that are otherwise freely importable under India’s foreign trade classification norms. Any other Read Full Details…

Apr 12

India’s New Foreign Trade Policy 2023-2030: Objectives and Future Goals

India has always been a key player in the global trade arena. The country’s rich heritage and diverse culture have made it an attractive destination for international trade and investment. In order to further boost its exports and attract foreign investments, India has recently announced a New Foreign Trade Policy for the period 2023-2030. The new policy aims to make India a major player in global trade and provide a boost to the country’s economy. Objectives of India’s New Foreign Read Full Details…

Apr 10

e-commerce exports challenges in Export Bill Regularization and solutions in India

India has been witnessing significant growth in e-commerce exports in recent years, fueled by the increasing demand for Indian products in global markets. However, one of the major challenges faced by e-commerce exporters in India is Export Bill Regularization. In this article, we will explore the challenges in Export Bill Regularization in the case of e-commerce exports and how exporters can address them. Challenges in Export Bill Regularization for E-commerce Exports The regulatory framework for e-commerce exports is still evolving Read Full Details…

Apr 04

Expectations from new Foreign Trade Policy 2023 of India

India is among the world’s largest economies and has been continuously making efforts to expand its foreign trade relations. The government of India is soon to unveil the new Foreign Trade Policy (FTP) 2023, which is expected to bring about significant changes in the country’s foreign trade landscape. In this article, we will discuss the expectations from the new Foreign Trade Policy 2023 of India. New Foreign Trade Policy 2023 of India is expected to provide a roadmap for promoting Read Full Details…

Apr 03

India’s Foreign Trade Policy 2023: Can It Help Achieve the $2Tn Trade Target?

The Indian government has set a target of achieving $2 trillion in foreign trade by 2030, which is an ambitious goal considering the current economic conditions and geopolitical situation. To achieve this target, the government has announced the Foreign Trade Policy (FTP) 2023, which is a comprehensive roadmap for boosting exports and reducing imports. The FTP 2023 has identified several key areas for boosting India’s foreign trade, including improving the infrastructure, simplifying procedures, increasing access to credit, and promoting innovation Read Full Details…

Apr 02

Foreign Trade Policy seeks to push rupee trade, boost exports to $2 trillion by 2030

India on Friday came out with a “dynamic and responsive” foreign trade policy aiming to push rupee trade, increase outward shipments to USD 2 trillion by 2030, and promote e-commerce exports, amid global uncertainties. The approach of the Foreign Trade Policy (FTP) 2023 is to move from ‘incentive to remission’ based regime, encourage collaboration between exporters, states, districts and Indian Missions, reduce transaction cost, and develop more export hubs. India is likely to cross USD 765 billion merchandise and services Read Full Details…