DGFT Amends Foreign Trade Policy 2023 for Inclusive Decision-Making
| Key Points | Details |
|---|---|
| Why in News | DGFT amended the Foreign Trade Policy (FTP) 2023 to mandate stakeholder consultations. |
| Amendment Date | January 2, 2025 |
| Key Objective | Ensure inclusive decision-making by involving stakeholders like importers, exporters, and experts. |
| Feedback Mechanism | Structured platform for stakeholders to provide feedback, with reasons for non-acceptance shared. |
| Ease of Doing Business | Enhances transparency and collaboration to improve India's trade ecosystem. |
| Authority Retained | Final decision-making authority remains with the government for smooth policy implementation. |
| DGFT Role | Implements and oversees the Foreign Trade Policy in India. |