Foreign Policy: The current foreign trade policy has been extended till March 2023, know what are the reasons

Foreign Trade Policy of India 2022 : The Modi government at the Center on Thursday extended the existing Foreign Trade Policy till March 2023. Let us tell you that the Directorate General of Foreign Trade (DGFT) has issued a notification informing about the extension of FTP for 6 months. In the notification, DGFT says that the FTP 2015-20 currently in force has been extended till March 31, 2023.

September 30 was the last day
It is to be known that the period of foreign trade policy was to end on 30 September. But in view of the demand of various exporting organizations and the current circumstances, it has been decided to extend it for 6 months.

increased even earlier due to corona
Let us tell you that the FTP policy was to end on March 31, 2020, but at the same time it was extended for 1 year after the spread of Corona Pandemic and the nationwide lockdown. Even after that, this policy has been expanded.

country’s economic progress
The intention of the central government is that under the foreign trade policy, export activities will get a big boost. Due to which there will be economic progress of the country. Guidelines related to creating new employment opportunities in the country are included.

New policy was prepared
According to sources, the government was engaged in preparations to bring the new foreign trade policy by the end of September 2022, but after consultations with the organizations and entrepreneurs associated with foreign trade, it has been decided to continue the existing policy for the time being.

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