Government notified amendment in the Foreign Trade Policy, 2023.
The Directorate General of Foreign Trade (DGFT) has notified the amendment in the Foreign Trade Policy, 2023.
It has included Para 1.07A and 1.07B to bring legal backing to the FTP for consultation with stakeholders to seek views, suggestions, comments or feedback from relevant stakeholders.
The main objective of the amendment is to encourage the participation of all stakeholders in the decision-making process.
It will also provide a mechanism to inform reasons for not accepting views, suggestions, comments or feedback related to the formulation or amendment of the Foreign Trade Policy, 2023.
This notification is part of the new era of inclusiveness in decision-making pertaining to trade.
