The government announced it is extending the existing foreign trade policy (FTP) by six months till March 31, 2022. Directorate General of Foreign Trade issued a notification in this regard Tuesday evening.
"The existing Foreign Trade Policy 2015-2020, which is valid up to September 30, 2021 is extended up to March 31, 2022," the directorate general of foreign trade (DGFT) said in a notification.
Previously, the FTP (2015-20) had been extended until September 30 this year due to the COVID-19 pandemic.
The Foreign Trade Policy provides guidelines pertaining to imports and exports in India. Ministry of Commerce under the Government of India announces Export-Import Policy every five years.