If you want to know about India's Foreign Trade Policy this PPT may help you to get some glance. The PPT contains India's trade policy 2015-2020 along with few agreements sign by India. Moreover, efforts made by government to maintain these policy are also given. As agriculture is main occupation in our nation few policy related to it are also mention. However this PPT was made before the new policy of 2021 therefore it does not consist about new policy.
2. INTRODUCTION
● The Union Commerce Ministry, Government of India announces the integrated Foreign Trade
Policy FTP in every five year. This is also called EXIM policy. This policy is updated every
year with some modifications and new schemes.
● Export-Import (EXIM) Policy frames rules and regulations for exports and imports of a country.
This policy is also known as Foreign Trade Policy. It provides policy and strategy of the
government to be followed for promoting exports and regulating imports.
● Now in the era of globalization, no economy in the world can remain cut-off from rest of the
world. Export and import play a significant role in the economic development of all the
developed and developing economies.
3. OBJECTIVES
● To enable substantial growth in exports from India and import to India to boost the economy.
● To improve the balance of payment and trade.
● To act as an effective instrument of economic growth by creating employment opportunities for
the citizens;
● To provide buyers or clients with high-quality goods and services at globally competitive rates
and quality
● Creation of opportunities by engaging in good and ethical practices.
● Making policies that favor ease of doing business and e-governance.
● To allow for hassle-free transactions for both import and export.
4. INDIA’S TRADE POLICY 2015-2020
Simplification & Merger of Reward
Scheme
Merchandise Exports from India Scheme
(MEIS)
Service Exports from Scheme (SEIS)
Incentives to be available for Special
Economic Zones (SEZs)
Town of Export Excellence
5. STAR EXPORT HOUSES
Status Category Export Performance (in US $ million)
One Star Export House 3
Two Star Export House 25
Three Star Export House 100
Four Star Export House 500
Five Star Export House 2000
6. BOOST TO “MAKE IN INDIA”
Reduced Export Obligation for domestic
procurement under EPCG scheme.
Higher level of rewards under MEIS for
export items with high domestic content
and value addition.
7. TRADE FACILITATION AND EASE OF DOING BUSINESS
Online filing of
documents/
applications
and Paperless
trade in 24x7
environment:
Online inter-
ministerial
consultations:
Simplification
of processes
digitization
and e-
governance
Forthcoming e-
Governance
Initiatives
8. OTHER NEW INITIATIVES
Facilitating &
Encouraging
Export of dual use
items (SCOMET).
Facilitating &
Encouraging
Export of Defence
Exports
e-Commerce
Exports
Duty Exemption
Additional Ports
allowed for Export
and import
Vishakhapatnam
and Bhimavaram
added as Towns of
Export Excellence
Quality
complaints and
Trade Disputes
9. COMMITTEES FORMED BY GOVERNMENT
DIRECTORATE GENERAL
OF FOREIGN TRADE
CHAMBER OF
COMMERCE
INDUSTRY ASSOCIATIONS
EXPORT PROMOTION
COUNCILS
10. COMMITTEES FORMED BY GOVERNMENT
UNION MINISTRY OF COMMERCE AND INDUSTRY
PARLIAMENTARY CONSULTATIVE COMMITTEE OF
MINISTRY OF COMMERCE AND INDUSTY
FOREIGN TRADE COMMITTEE
15. BENEFITS OF TRADE AGREEMENTS
1. TARIFF REDUCTION
2. ACCESS TO NEW MARKETS
3. INNOVATION AND
COMPETITION
4. TECHNOLOGY TRANSFER
AND INCREASED
INTEGRATION
16. INDIA’S TRADE AGREEMENTS
Malaysia-India Comprehensive Economic
Cooperation Agreement (MICECA)-2011
• Date of Agreement
• Objectives
• Elimination of Tariffs
• Trade With India 2016
Major exports To India
Major Imports From India
• Impact of Trade
17. INDIA’S TRADE AGREEMENT
India – South Korea Comprehensive Economic Partnership Agreement
(CEPA) 2009
• Need for an Agreement
• Date of Signing and Date of Enforcement.
• Objectives
• Elimination of Tariffs on Imports
• Elimination of Tariffs on Exports
18. INDIA’S TRADE AGREEMENTS
India – South Korea Comprehensive Economic Partnership Agreement
(CEPA) 2009
• Impact of Trade on India
• Impact of Trade on South Korea
• Other measures
• Updating CEPA, July 2018
• New Terms & Conditions
19. INDIA’S TRADE AGREEMENTS
INDIA – JAPAN Comprehensive Economic Partnership Agreement
(CEPA) - 2011
• Introduction
• Objectives
• Elimination of Tariffs on Imports
• Elimination of Tariffs on Exports
• Other Measures
20. INDIA’S TRADE AGREEMENTS
INDIA – JAPAN Comprehensive Economic Partnership Agreement
(CEPA) - 2011
• Composition of India’s Export and Import
• Benefits to India
• Benefits to Japan
• Increase in Merchandise Trade
• Hindrances
21. INDIA’S TRADE AGREEMENTS
India – Mauritius Comprehensive Economic
Cooperation and Partnership Agreement (CECPA) –
2021
• Salient Features
• Coverage
• Benefits to Mauritius
• Benefits to India
• Mauritius – ‘Hub of Africa’
22. TRADE POLICIES IN INDIA’S -
AGRICULTURE
• 1994 – Liberalization of Rice Exports
– Exchange Rate policies
– Import, Export and Domestic Policies
• 1995 – Agreement on Agriculture (AOA)
– Reduction of Domestic Support
– Increased Market Access
– Export Subsidies
26. EXPECTATION FROM THIS POLICY
• Rationalize Duty Structure.
• WTO Complaint Schemes.
• Infrastructure Improvement.
• Tech up-gradation and up-
skilling.
• Export Assistance.
27. THE ESTABLISHMENT OF FREE TRADE CAN BE
CRITICALAND PROGRESSIVE STEP TOWARDS
GREATER ECONOMIC INTEGRATION AND
CONTINUES TO BECOME MORE VALUABLE IN
AN INCREASINGLY GLOBAL WORLD.
- DEN KILDEE
