Covid-19: Uncertainty Plagues Export Sector Over New Foreign Trade Policy
The Hindu Business Line|March 25, 2020
Due to lockdown, exporters want current policy to continue with some added benefits till the situation stabilises and clarity emerges
Amiti Sen
Covid-19: Uncertainty Plagues Export Sector Over New Foreign Trade Policy

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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