National Foreign Trade Policy
Study Topics <ul><li>Evolution. </li></ul><ul><li>Uniqueness. </li></ul><ul><li>Past and the Present. </li></ul><ul><li>Ac...
Policy Making Ministry Ministry of Commerce and Industries Executing Department DGFT
Policy Objective To stop and reverse delaying trends of exports and provide support to sectors hit by recession.
Hit Areas Specially In India <ul><li>Evolution. </li></ul><ul><li>Uniqueness. </li></ul><ul><li>Past and the Present. </li...
Global Trade This Year <ul><li>World Bank Estimate 53 M fall below poverty line. </li></ul><ul><li>1 Billion people would ...
Pre Policy Announcement by Ministry of Finance <ul><li>Series of measures </li></ul><ul><li>CRR: Reduces to 5% </li></ul><...
Go Back to Previous Policy <ul><li>2004: Two Objective </li></ul><ul><li>A) To double our percentage share of Global merc...
Results continued…. <ul><li>Commercial services to 2.8%. </li></ul><ul><li>Employment to 14 Millions as a result of export...
Other Directions <ul><li>SEZ Act : Encouraging result. </li></ul><ul><li>Approvals : 577 zones. </li></ul><ul><li>350 noti...
Current policy target <ul><li>To achieve 15% over 2010-11. </li></ul><ul><li>Target Us $ 200 billion by march 2011. </li>...
Policy environment <ul><li>Diversification </li></ul>Three pillars of the policy Fiscal incentives Market access They ...
Supports <ul><li>Improvement in export infrastructure. </li></ul><ul><li>Lowering transaction cost. </li></ul><ul><li>Full...
Special thrust <ul><li>Employment- oriented sectors. </li></ul><ul><li>Textiles. </li></ul><ul><li>Leather. </li></ul><ul...
Incentives <ul><li>Continuation of DEPB scheme till 2010. </li></ul><ul><li>Income tax benefits U/S 10(A) for IT industry ...
Market and promotion aspects <ul><li>Expand to emerging markets- </li></ul><ul><li>- Africa,lac,oceania and cis </li></ul>...
<ul><li>Comprehensive economic partnership agreement with south korea </li></ul><ul><li>The trades in goods agreement with...
Brand india drive <ul><li>Respond to the aspiration of millions of people of G17 </li></ul><ul><li>Brand India shows organ...
Policy on competitiveness <ul><li>Technology upgradation and reduction of costs </li></ul><ul><li>Promoting import of capi...
Specially for MSME <ul><li>Rights through trade remedy instruments under WTO </li></ul><ul><li>Directorate of trade remedy...
<ul><li>THANKS & QUERIES </li></ul>
 
 
 
 
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National foreign trade policy

Published on: Mar 3, 2016
Published in: Business      Technology      
Source: www.slideshare.net


Transcripts - National foreign trade policy

  • 1. National Foreign Trade Policy
  • 2. Study Topics <ul><li>Evolution. </li></ul><ul><li>Uniqueness. </li></ul><ul><li>Past and the Present. </li></ul><ul><li>Achievements. </li></ul><ul><li>The power and Limitations. </li></ul><ul><li>Direction </li></ul>
  • 3. Policy Making Ministry Ministry of Commerce and Industries Executing Department DGFT
  • 4. Policy Objective To stop and reverse delaying trends of exports and provide support to sectors hit by recession.
  • 5. Hit Areas Specially In India <ul><li>Evolution. </li></ul><ul><li>Uniqueness. </li></ul><ul><li>Past and the Present. </li></ul><ul><li>Achievements. </li></ul><ul><li>The power and Limitations. </li></ul><ul><li>Direction </li></ul>
  • 6. Global Trade This Year <ul><li>World Bank Estimate 53 M fall below poverty line. </li></ul><ul><li>1 Billion people would go hungry. </li></ul><ul><li>Decline in traditional exports market. </li></ul><ul><li>Countries have resorted to protectionist measures- </li></ul><ul><li>Barriers to trade. </li></ul><ul><li>We don’t know the recovery ‘U’ Shape or ‘V’ </li></ul><ul><li>Shape or ‘L’ Shape. </li></ul><ul><li>. </li></ul><ul><li>. </li></ul>Declining by 9% IMF Declining by 15% WTO
  • 7. Pre Policy Announcement by Ministry of Finance <ul><li>Series of measures </li></ul><ul><li>CRR: Reduces to 5% </li></ul><ul><li>SLR : 24% </li></ul><ul><li>Reverse Ratio Rates and the Repo Rates slashed. </li></ul><ul><li>SIDBI,NHB,EXIM Bank extra amount infused.. </li></ul><ul><li>Result:- July Industrial Production at 7% and core sectors upwards </li></ul>
  • 8. Go Back to Previous Policy <ul><li>2004: Two Objective </li></ul><ul><li>A) To double our percentage share of Global merchandize in 5 years. </li></ul><ul><li>B) Trade expansion through economic grwoth and employment. </li></ul><ul><li>Result:- 2008-09 : US $ 168billions </li></ul><ul><li>Global Market Share:- 0.83 % in 2003-04 </li></ul><ul><li>to 1.45% in 2008-9. </li></ul>
  • 9. Results continued…. <ul><li>Commercial services to 2.8%. </li></ul><ul><li>Employment to 14 Millions as a result of exports in five years. </li></ul>
  • 10. Other Directions <ul><li>SEZ Act : Encouraging result. </li></ul><ul><li>Approvals : 577 zones. </li></ul><ul><li>350 notified. </li></ul><ul><li>People employed : 3,00,000. </li></ul><ul><li>98 zones. </li></ul><ul><li>Physical exports from Rs. 66,000 crores in 2007-2008 to Rs 99689 crores in 2007-2008 . </li></ul><ul><li>50% growth in a year. </li></ul><ul><li>SEZ exports in the 5 years have grown : 620 </li></ul><ul><li>FDI flow to zones US $ 2.43 billion. </li></ul>
  • 11. Current policy target <ul><li>To achieve 15% over 2010-11. </li></ul><ul><li>Target Us $ 200 billion by march 2011. </li></ul><ul><li>In three years, high growth of 25%. </li></ul><ul><li>By 2014,double the exports of goods and services. </li></ul><ul><li>Long term policy objectives to double in global trade by 2020. </li></ul>
  • 12. Policy environment <ul><li>Diversification </li></ul>Three pillars of the policy Fiscal incentives Market access They support to achieve those objectives
  • 13. Supports <ul><li>Improvement in export infrastructure. </li></ul><ul><li>Lowering transaction cost. </li></ul><ul><li>Full refund of all indirect taxes and levies. </li></ul><ul><li>All are determined to build confidence during the period of stress. </li></ul>
  • 14. Special thrust <ul><li>Employment- oriented sectors. </li></ul><ul><li>Textiles. </li></ul><ul><li>Leather. </li></ul><ul><li>Handicraft. </li></ul><ul><li>Handlooms </li></ul><ul><li>Gem and jewellery. </li></ul><ul><li>Knitwear. </li></ul><ul><li>Timely availability of dollar Credit committee is constituted. </li></ul>
  • 15. Incentives <ul><li>Continuation of DEPB scheme till 2010. </li></ul><ul><li>Income tax benefits U/S 10(A) for IT industry and U/S 10(B) for 100% EOU till 2011 . </li></ul><ul><li>Enhanced insurance cover under ECGC scheme till march 2010. </li></ul><ul><li>Value addition, minimum 15% on imported inputs under advanced authorization scheme. </li></ul>
  • 16. Market and promotion aspects <ul><li>Expand to emerging markets- </li></ul><ul><li>- Africa,lac,oceania and cis </li></ul><ul><li>Offset inherent disadvantages - </li></ul><ul><li>-credit risks and high trade costs </li></ul><ul><li>Encourage production and zero duty epcg </li></ul><ul><li>Promotion of products from north –east region </li></ul><ul><li>Additional/Resource allocation of MDA and MAI </li></ul>
  • 17. <ul><li>Comprehensive economic partnership agreement with south korea </li></ul><ul><li>The trades in goods agreement with asean from july 2010- it’s a part of look easy policy </li></ul><ul><li>Mercosur preferential trade agreement has been concluded </li></ul><ul><li>Commited to sucessful conclusion of doha round </li></ul>
  • 18. Brand india drive <ul><li>Respond to the aspiration of millions of people of G17 </li></ul><ul><li>Brand India shows organised across the world </li></ul><ul><li>Favour of rule based .fair and equitable global regime </li></ul>
  • 19. Policy on competitiveness <ul><li>Technology upgradation and reduction of costs </li></ul><ul><li>Promoting import of capital goods-EPCG </li></ul><ul><li>Export performance and status holders </li></ul><ul><li>Upgradation of export sector infrastructure </li></ul><ul><li>Towns of export excellence and additional focussed support </li></ul>
  • 20. Specially for MSME <ul><li>Rights through trade remedy instruments under WTO </li></ul><ul><li>Directorate of trade remedy measures </li></ul><ul><li>India inter diamond trading hub –clusters </li></ul><ul><li>Special infrastructure – additional ports, EDI,single window ,greater transparency etc </li></ul>
  • 21. <ul><li>THANKS & QUERIES </li></ul>

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