Foreign trade policy to focus on long-term strategy to boost exports

Final call on announcement of the policy will be taken by March-end

With fast-evolving global developments affecting international trade, the government may roll out the much-awaited foreign trade policy (FTP) with a focus on India’s long-term strategy on trade, people aware of the matter said.

Till now, the FTP has been a five-year strategy for promoting export of goods, which may be done away with.

Instead, it will present the government’s ‘vision statement’ on foreign trade, charting out the long-term goals.

“The government doesn't want to stick to a fixed timeline for the policy, considering the global developments that took place over the last few years. First, it was Covid, which was