Union Government Unveils Mid-Term Review of Foreign Trade Policy 2015-20

Posted on:06 Dec 2017 12:48:05
Union Government Unveils Mid-Term Review of Foreign Trade Policy 2015-20
06 December 2017 Current Affairs: Commerce and Industry Minister Suresh Prabhu let out more incentives while unveiling the mid-term review of the Foreign Trade Policy 2015-20 with a view to boosting exports.

The Union minister stated that the Merchandise Exports from India Scheme (MEIS) incentive rate will be raised by 2 percent across the board for labour-intensive/MSME sectors.

The focus of the FTP will be on exploring new markets and products as well as increasing India's share in traditional markets and products.

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