Foreign trade policy 2014-19

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Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 New FTP announced or not..?

which policy is applicable for may 2015 exam for CA FINAL....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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03 January 2015 Dear Anonymous,

The government will unveil a new foreign trade policy only when the time is right, Director General of Foreign Trade Pravir Kumar has said. He added it was unlikely the government would release it in the winter session of Parliament.

“The draft (foreign trade) policy is still under consideration. The government will announce it only when the time is right. It cannot be announced when Parliament is in session. No policy can be announced outside Parliament,” Kumar said at a conference on foreign trade policy, organised by the Federation of Indian Chambers of Commerce and Industry and CUTS International on Saturday.

He added until the new policy came into effect, the current policy, announced in August 2009, would be adhered to. The current policy was to expire in August this year.

“The details of the new foreign trade policy are under consultation and finalisation,” commerce and industry minister Nirmala Sitharaman had told the Lok Sabha Friday.