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Presented By :
Yogesh Verma
Roll No.6414
„

 

ë arade is not an end in itself, but a

means to economic growth and
national development. ahe primary
purpose is not the mere earning of
foreign exchange, but the stimulation
of greater economic activity.
p
ë s its name implies, foreign trade is the
exchange of products, services, and
money across national borders;
essentially trade between countries.
When consumers in the U.S. purchase
Swiss-made watches, Chinese-made
toys and electronics, and Japanese-
manufactured automobiles, they
experience the end result of
international trade.
à


  

ë ao import the goods that are not
produced domestically
ë ao export the goods that are
produced over and above the
domestic requirements
ë ao encourage foreign direct
investment to build the resource gap

    



ë ahe Union Commerce Ministry, Govt.
Of India nnounces ahe F.a.P. In
Every Five Year.ahis Is lso Called
EXIM Policy.ahis Policy Is Updated
Every Year.ahe Foreign arade Policy
Which Was nnounced On 28th
ugust 2009 Is n Integrated Policy
For ahe Period 2009-14.

„
  

ë arade policy is a collection of rules and
regulations which pertain to trade. Every
nation has some form of trade policy
which they think would be most
appropriate for their country. ahe
purpose of trade policy is to help a
nation's international trade run more
smoothly, by setting clear standards and
goals which can be understood by
potential trading countries.
O

 


ë Burden of export promotion schemes.

ë Risk of importing outdated machinery.
ë Policy fails to take a holistic view of trade issues.
ë Relative industry of the home market.
ë The nature or the degree of State intervention.
ë Recessionary conditions in the global market.
à 
  

ë ahere are a number of issues with imports and

exports that must be taken into consideration
when conducting foreign trade. For example,
some countries have industries they may want
to protect. ahese industries may be in
competition with foreign companies for the
opportunity to sell products domestically. ao
protect domestic trade, countries may institute
tariffs, which are taxes on certain foreign
goods.
 


ë ao double India¶s Exports Of Goods &

Services By 2014.
ë ao Encourage Exports ahrough a Mix
Of Measures Including Fiscal
Incentives nd Efforts For Enhance
Market ccess cross ahe World nd
Diversifications Of Export Markets.
 


ë Export aarget: $ 200 Billion For

2010-11

ë Export Growth aarget: 15% For Next

awo Years nd 25% ahereafter.
„   à 

 „!à

 "„#$%&'
uooking back, we can say with satisfaction that
the UP Government has delivered on its
promise.
In the last five years ;
ë our exports witnessed robust growth to reach a
level of US$ 168 billion in 2008-09 from US
$ 63 billion in 2003-04.
ë Our share of global merchandise trade was
0.83% in 2003; it rose to 1.45% in 2008 as
per WaO estimates.
ë On the employment front, studies have
suggested that nearly 14 million jobs as a
result of augmented exports in the last five
years.

$( )%'



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+
ë ao arrest and reverse the declining trend of exports and
to provide additional support especially to those sectors
which have been hit badly by recession.

ë In the remaining three years of this FaP i.e. upto 2014,

the country should be able to come back on the high
export growth path of around 25% p.a.

ë By 2014, the govt. expects to double India¶s exports.

  „"
, 
„à„ „ „
With a view to continuously increasing
our percentage share of global trade and
expanding employment opportunities
R
 R

R have been
identified. Government of India shall
make concerted efforts to promote
exports in these sectors. ahese sectors
are agriculture, handlooms, handicraft,
gems & jewellery,leather sectors, etc.
 ! *
EXPORa PROMOaION OF CPIau
GOODS
ë ao id aechnological Upgradation Of
Export Sector, EPCG Scheme t Zero
Duty Has Been Introduced.
ë Export Obligation On Import Of
Spares,Moulds etc.Under EPCG
Scheme Has Been Reduced By 50%
ë Jaipur, Srinagar and nantnagar
have been recognized as' aowns of
Export Excellence¶ for handicrafts;
Kanpur,Dewas and mbur for
leather products; and Malihabad for
horticultural products.
-




ë In this policy, focus is on

diversification of Indian exports to
other markets, specially those located
in uatin merica, frica, parts of sia
and Oceania etc.
ë 26 new countries have been included
under Focus Market Scheme.
  ,.

 

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ë EPCG Scheme at zero duty has been

introduced for certain engineering,
electronic products, plastics, handicrafts,
etc.

ë  number of products including

automobiles have been included for
incentives under Focus Product Scheme.
$/'
 
„ 


ë  new scheme called the Vishesh

Krishi Upaj Yojana (Special
gricultural Produce Scheme) for
promoting the export of fruits,
vegetables, flowers, minor forest
produce, and their value added
products has been introduced.
$%'!* 01

ë Duty Drawback Is llowed On Gold Jewellery.

ë Introduction Of New Facility ao llow Import On

Consignment Basis Of Cut & Polished Diamonds For ahe
Purpose Of Grading, Certifications.

ë In an attempt to make India a diamond international

trading hub, it is planned to establish ³Diamond
Bourse(s)´. ( wholesale polished diamond exchange
where trade merchants meet to transact business.
Diamond bourses are held in major diamond cutting
centers ).
$2'! 
 
 

ë India aims to become a hub for production and

export of green products and technologies. ao
achieve this objective, special initiative will be
taken to promote development and
manufacture of such products and technologies
for exports. ao begin with, focus would be on
items relating to transportation, solar and wind
power generation and other products.
VO


ë wore and more establishment of SEZ.

ë Labour laws can be relaxed resulting in more
and more establishment of industries
ë Promotion of investment from domestic and
foreign resources
ë Convenient trade practices
ë Establishment of infrastructure
 
International Business plays a crucial role in
the economic development of a nation as it
leads to industrialization, employment and
reduction of scarcity of consumer goods.
Our share of world trade has significantly
increased over the years. t present,
International Business opportunity in India
exists in areas like Ia, aelecom, R&D,
Infrastructure, Retailing, etc. Sectors like
health, education, housing, water
resources, SMEs are untapped and offer
huge scope.
 

ë Wisegeek.com
ë uocateindia.com
ë Slideworld.com
ë Commerce.nic.in
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