Foreign Trade Policy - What are your expectations?

Bikky Khosla | 19 Mar, 2008
With nothing much for exporters in the Union Budget, all are pinning hopes on the Annual Supplement to the Foreign Trade Policy to be announced in a couple of weeks from now.

The Commerce Ministry had expressed its displeasure about the exclusion of the export sector from the list of initiatives announced.

The appreciating rupee is eating into the profits of the exporters and certain initiatives are required to keep exports profitable.

With all eyes on the forthcoming elections, the ministry may not risk experimenting with too many things. Moreover, the Finance and the Commerce ministries should do away with their differences before announcing any initiatives. A repeat of last year's ugly tussle between both ministries would spell trouble for all concerned.

However we need to let our voice heard by the authorities. There's no denying the fact that the export sector is the flag-bearer of the Indian economy. So we must make it a point to let the Commerce Ministry know what we expect from this year's Annual Supplement to the Foreign Trade Policy.

Tradeindia, as always, will facilitate the medium to air your views and compel the authorities to create the right environment to do business in. So take our survey and we will make sure that your opinions are heard and acted on.