PROFIT FOR EXPORTERS SELL CHOCLATES$1=55.

85

$1=59.31

55.85

59.31
LOSS FOR IMPORTERS Buy CHOCLATES $1=55.85

$1=59.31

JYOTI

SNEHA VARSHA

EXIM-Export Import PolicyAlso known as the Foreign Trade PolicyEvery year, on the 31st of March thegovernment announces a supplement to thispolicyAnnounced every five yearsGeneral provisions regarding exports andimports, promotional measures, dutyexemption schemes, export promotionschemes, special economic zone programsand other details for different sectors 4. ContinuedTrade policy governs exports from andimports into a country It is one of the various policy instrumentsused by a country to attain the goals ofeconomic developmentDGFT (Directorate General of ForeignTrade) in matters related to the import andexport of goods in India 5. HistoryIn the year 1962, the Government of Indiaappointed a special EXIM Policy Committeeto review the Government previous exportimport policiesThe committee was later on approved by theGovernment of IndiaMr. V .P. Singh, the Commerce Ministerannounced the EXIM Policy on the 12th April,1985

Foreign Funds Outflow

Government Deficit is High

Political Uncertainty and Corruption