Foreign Trade Policy Current Affairs, GK & News

Import of Oxygen concentrators for personal use permitted

The Directorate General of Foreign Trade recently notified that the import of oxygen concentrators shall be allowed for personal use. The Government of India has revised the Foreign Trade Policy, 2015-2020 to permit the import. About Oxygen Import The new revision says that the imports of goods as “gifts’ is allowed through post or courier ..

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DGFT Trade Facilitation App launched

The Union Minister of Commerce and Industry Shri Piyush Goyal recently launched the DGFT Trade Facilitation Mobile Application. DGFT is Directorate General of Foreign Trade. Key Features of DGFT The DGFT Trade Facilitation application provides the following features : Real-time trade policy updates and event notifications. It provides options to explore Export-Import policies and statistics ..

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New Foreign Trade Policy

The Union Ministry of Commerce and Industry recently announced that the new Foreign Trade Policy. 2021-26 is to come into effect from April 1, 2021. What is the goal of New Foreign Trade Policy? To make India a 5 trillion USD economy. What are the Key Highlights of the new Foreign Trade Policy? The District ..

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GoI extends Foreign Trade Policy

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making ..

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