The new Foreign Trade Policy will come on 30 September and the policy has been designed with the next five year in view. The policy will lay down a road map of the ‘Amritkaal’. The policy will give a boost to Indian exports. Here are some top things to know about the policy.

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-- The policy is likely to be announced on 30 September

-- It will have provisions related to One District One Product (ODOP)

-- Under the policy ecommerce and new export hubs will be created

-- The policy will provide incentives for competitive and qualitative export promotion

-- There will be a separate export promotion council that will be set up.

-- The Special Economic Zones or SEZs will be upgraded and modified to DESH - Development of Enterprise and Services Hub

-- the consultation work has been completed 

-- The new foreign trade policy could be announced before 30 September

-- The policy is coming after a gap of over 2 years

-- The government had extended the existing policy in the wake of the Coronavirus Pandemic.  

- The previous policy was to end by 2020

ODOP

-- The scheme for the first phase will be worth Rs 2200-2500 cr

-- The Ministry of Commerce and Industry has readied a road map for the implementation of ODOP

-- There will be an export hub in all districts

-- All districts have enough potential not found even in many nations

-- The

- The Commerce ministry has created an export promotion committee for each districts

-- A work on creating necessary infrastructure is ongoing

- A full list of exports has been created

The domestic business will benefit from the FTAs (Free Trade Arrangements)

-- This will give a huge boost to the exports

- There will be changes to benefit the MSMEs

-- The government has been making trade agreements with many countries

- Trade agreements with UK is expected to take place this monthUK के साथ इसी महीने

- FTA with Canada likely to be done by Diwali

Restructuring of Commerce department

-- The changes are being made to make India a developed economy

-- The people from the corporate world will be included

-- There will be experts from respective sectors for policy making