Amendment to FTP 2023: Govt Introduces Provisions for Consultations/Suggestions from Stakeholders, Inserts Para 1.07A and Para 1.07B

The government has introduced provisions for amending the Foreign Trade Policy (FTP), inviting consultations and suggestions from stakeholders. This move aims to refine existing policies and create a more transparent and robust trade environment. The government intends to align the FTP with current global trade dynamics, ensuring it addresses the needs of exporters and other stakeholders. This initiative is seen as a step towards simplifying trade processes and boosting India's export performance. The policy amendments will be finalized after considering feedback from various stakeholders, thus promoting an inclusive and participative approach to policy-making.