Mid-term Foreign Trade Policy Review to be released in September, 2017

New Delhi, June 29 (KNN) Government has decided to defer the release the reviewed Foreign Trade Policy till September this year in order to allow government to factor in the exporters’ feedback on relevant issues post GST.

At the time of the release of the Foreign Trade Policy (1st April, 2015-31st March 2020), it was mentioned that the policy would be reviewed mid-term with the objective of making a mid-course assessment and modification where required.

During one of the stakeholder consultations, it was announced that an effort will be made to release the mid-term review before 01st July, 2017 to align this with the roll out of GST, Ministry of Commerce & Industry said in a release.

Number of representations have been received from the exporters regarding GST.

Accordingly, it has been decided to release the reviewed Foreign Trade Policy in September 2017. This will allow the government to factor in the exporters’ feedback on relevant issues post GST, the Ministry added.