Foreign trade policy 200409 national portal of india. The speech for the exim policy 2004 2009 was given by kamal nath, on 31st august, 2004. The five year exim policy 200207 launched coterminus with the tenth five year plan up to 31 march 2007, was terminated midlength and replaced with the foreign trade policy with effect from 1 april 2004 for a period of five years to remain in force up to 31 march 2009. Policy, 20042009, the central government hereby notifies the foreign trade policy, 20042009 incorporating the annual supplement as updated on 11th april 2008 and contained in annexure to this notification.
Thus, quantitative restrictions on all import lines have been gradually withdrawn as per the commitment made by india to the world trade organisation wto. The stpehtp scheme in the exim ftp policy is developed by stp centers set up across india. To double indias percentage share of global merchandise trade by 2009. The highlights of the indias foreign trade policy 20042009. This new trade policy carries further the process of trade liberalisation. A comprehensive foreign trade policy ftp for 2004 09 was announced on 31st august, 2004 and its annual supplement for the year 200708 was released on 19th april, 2007. India new foreign trade policy highlights 2011, 2010, 2009. Thus, in line with indias commitment to the wto, quantitative restrictions on all import items have been withdrawn. Suggestions on foreign trade policy 200409 issues existing. The national foreign trade policy 2004 09 v preface globalisation in the form of increased trade and investment has affected and is continuing to affect a wide range of socioeconomic activities in india. Upa1 government announced its foreign trade policy for a five year period 200409 on august 31,2004. A comprehensive foreign trade policy ftp for 200409 was announced on 31st august, 2004 and its annual supplement for the year 200708 was released on 19th april, 2007. Over the years, indias foreign trade has come to occupy a pivotal position in the economic scenario and prosperity of the country. India new interim exim policy 2009 is define for export import policy which is also.
New government has decided to terminate the fiveyear exim policy, 200207 and replace it with a foreign trade policy for a fiveyear term beginning this fiscal year on the 31st august 2004 1. Indias foreign trade policy for international business. The exim policy 200409 aimed at achieving the target of 1. The new united progressive alliance upa government at the centre changed the name of exim policy and called it foreign trade policy ftp. The announcement of a new foreign trade policy for a five year period of 200409, replacing the hitherto nomenclature of exim policy by foreign trade policy ftp is another step in this direction. Foreign trade policy directorate general of foreign trade. Stpehtp scheme to promote exports from the country, govt. The new foreign trade policy of the union government was unveiled by the commerce minister shri. Foreign trade policy 2004 09 foreign trade policy 2004 09. Planning and foreign trade foreign trade is the important factor in economic development in any nation. The national foreign trade policy 200409 v preface globalisation in the form of increased trade and investment has affected and is continuing to affect a wide range of socioeconomic activities in india. Indian foreign trade policy 200409, annual supplement 2005. Policy, 2004 2009, the central government hereby notifies the foreign trade policy, 2004 2009 incorporating the annual supplement as updated on 11th april 2008 and contained in annexure to this notification. Jute policy annual supplement 2005 to the foreign trade policy 200409 preamble on august 31, 2004 the government spelt out a bold vision to double indias share in world trade within five years, and to focus on the generation of additional employment in the process.
The trade policies of 200409 and 200914,in these policies it is determined that india had to facilitate those imports which are required to stimulate our economy. Exim policy 20042009 ppt free download as powerpoint presentation. The announcement of a new foreign trade policy of india for a five year period of 2004 09, substituting until now taxonomy of exim policy by foreign trade policy is major step in the development of foreign trade policy. Small and medium us exporters use exim trade finance products to win deals and get paid. Stpehtp scheme n to promote exports from the country, govt. On august 31, 2004, the government has decided to terminate the fiveyear exim policy, 200207 and replaced it with a foreign trade policy for a fiveyear term beginning 2004. It takes an integrated view of the overall development of indias foreign trade and provides a roadmap for the development of this sector. The exim polices are adopted by any country regarding the exports and imports goods and services with other countries in the world. To provide continuity in policy environment, the existing foreign trade policy 200914 has been extended beyond 31. The speech for the exim policy 20042009 was given by kamal nath, on 31st august, 2004. Introduction trade policy governs exports from and imports into a country. Trade policy 2004 09, in new delhi on april 19, 2007.
Irrespective of the policy indicated against the exim code nos. To promote software and electronic hardware exports stpi was setup in 1991, having hqs in new delhi. Thereafter, the exim policy 2000 01 removed quantitative restrictions qrs on 714 items and after that the exim policy 200102 removed qrs on the remaining 715 items. May 22, 2009 this policy stated, trade is not an end in itself, but a means to economic growth. Merchandise exports from india scheme meis a earlier there were 5 different schemes focus product scheme, market. Insurance, working capital, and loan guarantees backed by the us federal government. We next analyse the impact of the exim policy 200409 on firmlevel tfp and whether as in the case of firmlevel pat, this impact has varied depending on the nature of the firm and industry. New exim foreign trade policy highlights 2011, 2010, 2009 2014 from dgft, india also called indian foreign trade policy 2011, 2010, 2009 2014 annonced by commerce minister with annual supplement and links to exim policy 2004 09. Upa1 government announced its foreign trade policy for a five year period 2004 09 on august 31, 2004. New foreign trade policy exim policy 20042009 premble.
The government of india, ministry of commerce and industry announced new foreign trade policy on 01st april 2015 for the period 20152020, earlier this policy known as export import exim policy. Pdf exim policy and foreign trade of india in post. Handbook on ha foreign trade policy ndbo and ok o guide to. Trade policy 200409, in new delhi on april 19, 2007. Exim policy 200409 free download as powerpoint presentation. In a major regime shift, the government announced an sez scheme in april 2000 as part of the exim policy. It is prepared and announced by the central government. The main difference between an sez and an epz is that the former is an.
Policy, 200409, the director general of foreign trade hereby notifies handbook of procedures volume i incorporating annual supplement as updated on 11th april 2008 as contained in annexure to this public notice and the appendices to the handbook of procedures vol. The announcement of a new foreign trade policy of india for a five year period of 200409, substituting until now taxonomy of exim policy by foreign trade policy is major step in the development of foreign trade policy. This policy stated, trade is not an end in itself, but a means to economic growth. The exim policy 200001 removed quantitative restrictions on 714 items and the exim policy 2001 02 removed quantitative restrictions on the balance 715 items. This policy is updated every year with some modifications and new schemes. Murasoli maran, former commerce minister announced the exim policy 2002 2007. Foreign trade policy 200409, exim policy 200207, india. The foreign trade policy which was announced on thursday august 28, 2009 is an integrated policy for the period 200914.
Foreign trade policy 200409 salient features sez act 2005 was enacted and various fiscal incentives were announced to boost up exports duty free export credit dfec scheme for services was revamped into the served from india scheme to. Aug 27, 2019 the announcement of a new foreign trade policy of india for a five year period of 200409, substituting until now taxonomy of exim policy by foreign trade policy is major step in the development of foreign trade policy. New schemes come into effect on the first day of financial year i. Thus, the exim policy 200409 can be expected to have contributed positively to firmlevel productivity.
Exemptions and incentives given in the earlier 200207, and mini exim policy 2004 have not been changed and new incentives for promotion of exports have been provided. The exim policy 2004 09 aimed at achieving the target of 1. Foreign trade policy 200409 foreign trade policy 200409. It is a speech given by the ministry of commerce and industries. Indias foreign trade, policy and trends, indian foreign. Eximkey india dgft, customs, excise, export import policy.
Guided by the exportimport exim policy of the government of india regulated by the foreign trade development and regulation act, 1992 contains various policy with respect to imports and exports i. Exports are no longer means of generating dollars, as was the position in the country during our initial phase of development. Regulated by the foreign trade development and regulatory act 1992. The basic objective of this policy is to double the merchandise exports by 2009 and to make. Foreign trade policy is also known as exportimport policy or exim policy. New exim foreign trade policy highlights 2011, 2010, 2009 2014 from dgft, india also called indian foreign trade policy 2011, 2010, 2009 2014 annonced by commerce minister with annual supplement and links to exim policy 200409. After five years foreign trade policy needs amendments in general, aims at developing export potential, improving export performance, encouraging.
Consequently, on august 31, 2004, the commerce and industry minister, mr. Four years ago we had announced indias first ever integrated foreign trade policy. Trade policies can be of two types, the free trade policy and. Moreover, it has also brought about changes in international policy regimes, such as the.
The annual supplement 2008, last in series supplementing the main. Four years ago we had announced indias first ever integrated foreign. The concept of ftwz is new and has been recently introduced in the fiveyear foreign trade policy 2004 09. Foreign trade in india comprises of all imports and exports to and from india. Merchandise exports from india scheme meis a earlier there were 5 different schemes focus product scheme, market linked focus product scheme, focus market scheme, agri. The policy aims at doubling indias percentage share of global merchandise trade to 1. Trade policies can be of two types, the free trade policy and the protective trade policy. Pdf exim policy and foreign trade of india in post reform era. Stp exim policy software technology parks of india. The aim of the new policy was to promote exports and to remove restrictions on imports. The following are the salient features of the new export, import policy. This policy made the overall development of indias foreign trade and offers guidelines for the development of this sector. The trade policies of 200409 and 200914,in these policies it is. Exim policy contain various policy decision with respect to import and export from the country.