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.
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