|


|





 
i Introduction:--
Introduction:

i Trade policy governors exports for and imports into a

country. It is one of the various policy instrument
used by a country to attended goal of economic
development.

i The trade policy of export import is formulated by the

Ministry of Commerce and Government of India in
terms of section 5 of Foreign Trade Act, 1992.

i Besides the Government of India also announced on

January 30,2002 a Medium Term Export strategy, to
guide the Export Import Policy.
i Meaning:--
Meaning:

i The foreign trade of India is guide by the Export Import

Policy of Government of India arid is regulated by the
foreign trade Act 1992.

i EXIM Policy contains various policy decision taken by

Government in the spheres of foreign trade i. e with
respect to Export and Import of the Country and more
export promotion measure policy and procedure related
thereto.

i India EXIM Policy, in general, aims at developing export

potential, improving export performance, encouraging
foreign trade and creating favorable balance of
position.
i General objective of EXIM
policy:--
policy:
i There are two aspect of the trade policy, import policy
which concerned management and regulation import
and export policy, which is concerned with export not
only promotion but also regulation.

i The main objective of EXIM policy is promote export to

the maximum extent.

i Promoting Export and foreign exchange earning.

i Regulating export wherever it necessary for the

purpose of either avoiding competition among the
Indian exporters or ensuring domestic availability of
essential items of mass consumption at reasonable
prices.
i EXIM policy 2002-
2002-07.
i Agriculture:--
Agriculture:
i Agriculture removal of quantitative and packing
restriction on wheat and its product.
i It is estimated by some economists that every one per
cent switch in the terms of trade in favor of agriculture
will result in diversion of about Rs.8,500 crores
annually in favor of agriculture from the non-
non-
agriculture sector.
i According to the International Grain Council reports, in
respect of wheat export, we are at the 7th position
amongst the wheat exporting countries.

i Gems & Jewellery:

Jewellery:-
i Customs duty on import of rough diamonds is being
reduced to zero per cent. Import of rough diamonds is
already freely allowed.
i eather:--
eather:

i Duty free imports of trimmings and embellishments upto

3% of the FOB value hitherto confined to leather garments
extended to all leather products.

i EXIM Policy 2009-

2009-2014:-
2014:-
i In the last five years our exports witnessed robust growth
to reach a level of US$ 168 billion in 2008-
2008-09 from US$ 63
billion in 2003-
2003-04. Our share of global merchandise trade
was 0.83% in 2003; it rose to 1.45% in 2008 as per WTO
estimates.

i Our share of global commercial services export was 1.4%

in 2003; it rose to 2.8% in 2008. India¶s total share in goods
and services trade was 0.92% in 2003; it increased to
1.64% in 2008.

i On the employment front, studies have suggested that

nearly 14 million jobs were created directly or indirectly as
a result of augmented exports in the last five years.
i We would like to set a policy objective of achieving an
annual export growth of 15% with an annual export target
of US$ 200 billion by March 2011.

i In the remaining three years of this Foreign Trade Policy

i.e. up to 2014, the country should be able to come back
on the high export growth path of around 25% per
annum.
Ã

 

  
 



i Ãigher support for market and product

diversification..
diversification
i Technological up gradation.
gradation.
i EPCG scheme relaxation
relaxation..
i Status holders
holders..
i Stability/continuity of the foreign trade policy
policy..
i Marine sector
sector..
i Agriculture sector.
sector.
!