Foreign Trade Current Affairs, GK & News

Extension of Foreign Trade Policy 2015-20 – Update (September, 2022)

The current Foreign Trade Policy has been extended by six months due to currency volatility and global uncertainty. Key facts Foreign Trade Policy 2015-20 has been extended for the period of six months until March 2023. This extension will come to effect from 1st of October 2022. It is being extended in view of the ..

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Amendment of Foreign Trade Policy of India for Rupee Settlement

The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently amended Foreign Trade Policy of India allows international trade invoicing, payment and settlement in the Indian Rupee. It enables Indian importers to make payments in rupees via ..

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Extension of Foreign Trade Policy 2015-20

The Foreign Trade Policy 2015-20 has been extended by the government by six months up to 30th September 2022. Overview: Till 31st March 2022, the existing Foreign Trade Policy 2015-20 was valid. It has now been extended till 30th September 2022. This announcement was done by the Directorate General of Foreign Trade. After the Covid-19 ..

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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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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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Wagah Border reopened by Pakistan for Afghan Exports

Pakistan government has resumed the Afghan exports through the Wagah Border crossing as part of the Pakistan-Afghanistan Transit Trade Agreement. Pakistan had already opened the Pak-Aghan Border at Torkham and Chaman round the clock for six days a week, in May 2020. But, Afghan exports to India through the Wagah Border have remained suspended even ..

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