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Trade Policy and Regulations of India

The document discusses India's trade policies and export promotion measures. It outlines several key benefits of exports to the economy, including achieving economies of scale, mitigating domestic recession, and earning foreign exchange. The objectives of India's export promotion measures are to compensate exporters, assist new exporters, and increase export profitability. Several important organizations that help Indian exports are described, such as the Ministry of Commerce, Export Promotion Councils, and the India Trade Promotion Organization.

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Deepika Singh
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48 views8 pages

Trade Policy and Regulations of India

The document discusses India's trade policies and export promotion measures. It outlines several key benefits of exports to the economy, including achieving economies of scale, mitigating domestic recession, and earning foreign exchange. The objectives of India's export promotion measures are to compensate exporters, assist new exporters, and increase export profitability. Several important organizations that help Indian exports are described, such as the Ministry of Commerce, Export Promotion Councils, and the India Trade Promotion Organization.

Uploaded by

Deepika Singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Trade policy and Regulations of

India
 Export development is important to the firm and
to the economy as a whole .
 Govt measures aim, normally at the general
improvement of the export performance of the
nation for the general benefit of the economy.
 Such measures help the firm in several ways.
 The benefits of the exports to the economy are
many:
Benefits of exports to the
economy.
 1.The exports market provides opportunities to
achieve the economies of scale of operation.
 2. The supply of many commodities, as in the case of
number of agricultural products in India, is more than
the domestic demand.
 3. Exports enable certain countries to achieve export-
led growth.
 4. Export markets may help mitigate the effects of
domestic recession.
 5.A country may need to boost it’s exports to earn
enough foreign exchange to finance from trade deficit
and foreign debt.
 6. To maintain countries position against international
competition and the level of domestic economic
Objectives of export promotion
Measures.
 The principal objectives of Export promotion measures
in India are to:
 1. Compensate the exporters for the high domestic
cost of production,
 2. Provide necessary assistance to the new and infant
exporters to develop the export business,
 3. Increase the relative profitability of the export
business vis-à-vis the domestic business.
 --------------------------------------------------------------
 Govt of India has established number of organizations
to provide different types of assistance to the
exporters.
 Apart from exclusive EPOs there are also number of
other institutions in the export sector.
Important organizations to help
exports.
 Ministry of Commerce: Most important
organization concerned with the promotion and
regulation of the foreign trade of the country.
 Autonomous Bodies: There are 5 statutory
commodity boards responsible for production,
development and export of Tea, Coffee,
Rubber, Spices and Tobacco.
 Export Inspection Council: A statutory body
responsible for the enforcement of quality
control and compulsory pre-shipment
inspection of various exportable commodities.
 3. Indian Institute of foreign trade: The Indian
Institute of foreign trade is engaged in the
following activities:
 a Training of personnel in modern techniques
of International trade.
 b. Organisation of research in problems of
foreign trade,
 c. Organizing market research, area surveys,
commodity surveys and market surveys and
 d. Dissemination of Information arising from it’s
activities relating to research and market
studies.
 4. Indian Institute of packaging: The main
aim is to undertake research on raw materials for
fo
the packaging Industry, training program etc.
 5. Export promotion councils (EPC): There
are number of export promotion councils under
the administrative control of ministry of
commerce. These are non-profit organizations
and perform both advisory and executive functio
They are also registering authorities under the
import policy for registered exports.
 6. Federation of Indian export organization
Is an apex body of various export promotion
organizations and Institutions.
 7. Indian council of arbitration:
 8. Marine products development authority.
 9. Agriculture and processed food products
development authority.
 10. India trade promotion organization: ITPO was bought
in to being in 1992, and the functions of ITPO are,
 1. Develop and promote exports, imports and upgrade
technology through fairs in India and abroad,
 2. Compile and disseminate trade related informations,
 3. Undertake publicity ,
 4. Organize visit of foreign buyers and trade,
 5. Delegations to industry and trade establishments In India
with a view to promoting trade contracts,
 6. Assist Indian companies in trade development, organize
export development programs, buyers-sellers meet etc.
 Public sector undertakings:
 1. The state trading corporation of India
and it’s subsidiaries,
 2. The minerals and metals trading
corporation of India and it’s subsidiaries,
viz, Mica trading corp,
 3. The spices trading corp,
 4. The Export credit guarantee
corporation.

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