DGFT official urges States to prepare State Export Policies

Posted by Daily Shipping Times on 26-12-2017        Tweet

MUMBAI: As part of boosting exports, the top Government body promoting foreign trade has urged the States to the come out their own export policy.

In spite of the continuing slowdown in the global economy we have been witnessing a positive trend in exports during the past 14 months, and enhancing our share in the global trade is the top priority of the DGFT, said a top official.

"Every State needs to come out with their own export promotion policy and Maharashtra will come out with its policy soon," Additional Director General Foreign Trade (DGFT) Sonia Sethi said here recently.

On the pick up in shipments, she said "in spite of the slowdown in the world economy, we have been witnessing a positive trend in exports in the last 14 months, for which we have to complement our industries and liberalised  Government  policies".

Addressing trade representatives at an open house, Sethi said enhancing our share in the world exports is our top priority and we will hold series of interactions with exporters to understand their concerns and grievances.

In the 2015 Foreign Trade Policy, the Government had set an exports target of USD 900 billion and market share of 3.5 per cent by 2020.

Earlier this month, Government offered additional incentives totalling Rs 8,450 crore to help boost exports.

It raised the incentive rate by 2 per cent under the most popular merchandise exports scheme and services exports scheme.