Exporters are still in the dark on whether the government will go ahead with the scheduled announcement of the new Foreign Trade Policy (FTP) 2020-25 on April 1. Many are making a case for postponing the FTP due to the uncertainties unleashed by the Covid-19 pandemic and shut-down of government offices making discussions difficult.
A government official told BusinessLine: “Not only are exporters eager for an extension of the present FTP and announcements of some additional relief measures, it has also become logistically difficult to finalise a new FTP as the Commerce Ministry is mostly shutdown.”
The Commerce & Industry Ministry, however, has not yet made any official announcement on whether the new FTP will be unveiled on April 1.
This story is from the March 25, 2020 edition of The Hindu Business Line.
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This story is from the March 25, 2020 edition of The Hindu Business Line.
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