New trade policy on Apr 18: Sharma

New trade policy on Apr 18: Sharma
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New Delhi (PTI): Faced with muted exports, the government will come out with a 'pragmatic' Foreign Trade...

new2New Delhi (PTI): Faced with muted exports, the government will come out with a "pragmatic" Foreign Trade Policy (FTP) on April 18, which among other things, would provide incentives to push shipments. "A forward looking pragmatic foreign trade policy will be announced on April 18," Commerce Minister Anand Sharma said said at CII AGM. The Minister has already held detailed consultations with the Finance Minister on contours of the package to boost exports, to be announced as part of the FTP. During April-February 2012-13, exports declined by 4 per cent to $265.95 billion. Sectors like engineering and textiles are registering negative growth. These segments are likely to get some sops in the FTP.
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