New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

The Centre is set to unveil the much-awaited new foreign trade policy (FTP) on Friday, after extending the current policy for three years. The new FTP is likely to focus on areas, such as developing districts as export hubs, e-commerce, and promoting ease of doing business.

The latest FTP, a comprehensive policy strategy to promote the export of goods and services, will be accompanied by a vision statement that will outline the long-term strategy for India’s foreign trade. The roadmap for achieving $2 trillion worth of goods and services exports will also be drawn.

While the existing policy’s focus has