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Comparison between Foreign Trade Policy 2004-2009 and 2009-2014

Comparison between Foreign Trade Policy 2004-2009 and 2009-2014

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Published by Amit Wadhwani

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Published by: Amit Wadhwani on Dec 10, 2010
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11/12/2012

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A Comparative Study of Foreign Trade Policy2004-2009 and 2009-2014
 
I
ntroduction
The Government of India announces Foreign TradePolicy every 5 years, to which amendments aremade every year.It is a set of guidelines and instructions establishedby the Directorate General of Foreign Trade inmatters related to the import and export of goods inIndia.The Foreign Trade Policy is regulated by TheForeign Trade Development and Regulation Act,1992.
 
Foreign Trade Development andRegulation Act 1992; History andObjectives
The Foreign Trade Development and Regulation Act, 1992 replaced the earlier law known asImports and Exports (Control) Act, 1947.Its main objective is to develop and regulate foreigntrade in India by facilitating imports into, andaugmenting exports from India.

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