Foreign Trade Policy - 1508 Words

†Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India† The Foreign Trade Policy 2009-14 of the Govt. of India is a â€Å"holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.† On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act as a facilitator to intensive exporters to get them out of what we may call the tsunami. Objectives of last 2 policies of Foreign Trade of Govt. of India 1) 2004-2009 The last 5 years (2004-09) FTP was released on 1st September in the year 2004.†¦show more content†¦3. Incentive available under FMS raised from 2.5% to 3%. 4. Incentive available under Focus Product Scheme (FPS) raised from 1.25% to 2%. 5. Widens scope for products to be included for benefits under FPS. Additional engineering products, plastic and some electronics get a look in. 6.Market Linked Focus Product Scheme (MLFPS) expanded by inclusion of products like pharmaceuticals, textile fabrics, rubber products, glass products,auto components, motor cars, bicycle and its parts.etc. Benefits to these products will be provided, if exports are made to 13 identified markets (Algeria, Egypt, Kenya, Nigeria,South Africa, Tanzania, Brazil, Mexico, Ukraine, Vietnam, Cambodia, Australia and New Zealand). 7. Common simplified application form introduced for taking benefits under FPS, FMS, MLFPS and VKGUY. 8. Higher allocation for Market Development Assistance (MDA) and Market Access Initiative (MAI) 9. To aid technological upgradation of export sector, EPCG Scheme at Zero Duty has been introduced. 10. Jaipur, Srinagar and Anantnag have been recognised as‘Towns of Export Excellence’ for handicrafts; Kanpur,Dewas and Ambur for leather products; and Malihabad for horticultural products. 11. Export obligation on import of spares, moulds etc. under EPCG Scheme has been reduced by 50%. 12. Taking into account the decline in exports, the facility of Re-fixation of Annual Average Export Obligation for a particularShow MoreRelatedForeign Trade Policy1516 Words   |  7 Pages†Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India† The Foreign Trade Policy 2009-14 of the Govt. of India is a â€Å"holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.† On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act asRead MoreForeign Policy : Trade With Foreign Nations854 Words   |  4 PagesForeign Policy – Trade with Foreign Nations The policy issue I have chosen is trade with foreign nations. The approach that the United States government has adopted to address foreign trade is varied depending on the nation in question. For some nations, the United States has what is called a Free Trade Agreement which is an â€Å"arrangement among two or more countries under which they agree to eliminate tariffs and nontariff barriers on trade in goods among themselves† (Cooper, Free Trade Agreements:Read MoreForeign Investment And Trade Policy1565 Words   |  7 PagesForeign Investment and Trade Policy: Brazil can be seen as country that is open and inviting foreign investments. Brazil remains the top destination for FDI in the Latin American region and according the A.T. Kearney Foreign Direct Investment Confidence Index for 2015, Brazil is ranked #6 as a global FDI destination. FDI inflows into Brazil stood at USD 60.5 billion as on Feb 2015, (Central bank of Brazil). 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EvenRead MoreAn Explanation Of The Bushs Foreign Trade Policy1399 Words   |  6 PagesBushs foreign trade policy is broadly described as a fair trade policy based on the multi-track system. Multi-track system refers to the policy of unilateral, bilateral, regional and multilateral parallelism in conducting foreign trade. Unilateralism means that once the United States believes that the trade practices of other countries threaten or even infringe on the economic interests of the United States or related industries, it can unilaterally resort to the domestic trade laws andRead MoreThe Role Of Government And Foreign Trade Policies Essay1588 Words   |  7 PagesGovernment should play in trade policy has been long debated over the years and is constantly changing to keep up with the needs and wants of a country. International trade policies are vital to any countries prosperity, and more specifically the economic development. Trade Policy is a set of rules and guidelines that determine how a country acts towards another in regards to trade and global business whether it be through free-trade or protectionism. The Governments role in trade policies include regulationRead MoreThe Foreign Trade of Bangladesh - Its Composition, Performance, Trend, and Policy6029 Words   |  25 PagesThe Foreign Trade of B angladesh: Its Composition, Performance, Trend, and Policy Mohammad Mafizur Rahman Abstract Despite structural limitations in the Bangladesh economy, the export sector performed well throughout the 1990s. The export growth rate of Bangladesh was higher than that of the world and the SAARC countries. However, the balance of trade of Bangladesh was always in deficit and the trade deficit with India is huge. The export share of primary commodities has decreased while thatRead MoreInternational Investment And Trade : Foreign Policy Goals And Consumer Safety1604 Words   |  7 Pagesregards to international investment and trade, a government’s political proposals are deeply in conflict with its economic arguments (Heuet, 2015) despite both being implemented with the focal objective to improve a country’s market efficiency and competitiveness. Despite the concern and view that government intervention results in protecting the interests’ of producers at the expense of consumer interests, it is imperative to recognise that imposed trade barriers, such as tariffs, taxes and quotas