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objectives of foreign trade policy of india 2009-20014
1. Foreign policy for the year 2004-2009.
The foreign trade policy announced by the
UPA Government in 2004 had set two objectives:
To double the percentage share of global merchandize trade
within 5 years
Use trade expansion as an effective instrument of economic
growth and employment generation.
2. Objectives of 2009-2014
1. Rehabilitation of sick units
2. To double India’s exports
3. To double India's share in global merchandise trade
4. Promote and encourage exports
5. Simplification of application procedures.
6.Boost exports from various industries
7. Accelerate economic growth
3. In order to meet these objectives, the Government would
follow a mix of policy measures including:
Fiscal incentives
Institutional changes
Procedural rationalization
Enhanced market access across the world
Diversification of export markets.
Following are the three pillars which will support in achieving
this target
Improvement in infrastructure related to exports
bringing down transaction costs
providing full refund of all indirect taxes and
levies.