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Foreign Trade Policy and Major Development Concerns: Past Experience and the Way Forward PowerPoint Presentation
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Foreign Trade Policy and Major Development Concerns: Past Experience and the Way Forward

Foreign Trade Policy and Major Development Concerns: Past Experience and the Way Forward

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Foreign Trade Policy and Major Development Concerns: Past Experience and the Way Forward

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Presentation Transcript

  1. Foreign Trade Policy and Major Development Concerns: Past Experience and the Way Forward Kritika Kapil CUTS International

  2. Overview • India’s Foreign Trade Policy • Major development concerns • Linking the concerns with the FTP • Recommendations for future policy making

  3. Foreign Trade Policy • The underlying long term objective of the FTP is to promote exports and increase India’s competitiveness globally, leading to employment generation particularly in the labour-intensive sectors • Objective common to both the old and new policies is to double India’s exports within 5 years

  4. FTP 2009-14 • Short-term objective: to stop and reverse declining trend of exports • Both the long and short term objectives of the policy are to be achieved through: • infrastructure improvement related to exports; • transaction cost reduction and; • providing full refund of all indirect taxes and levies

  5. FTP 2009-14 The FTP also has special initiatives in the following areas: • Market Diversification • Technological Upgradation • Support to status holders • Green products • Export products from North East

  6. Based on the field studies done during the first two years of GRANITE, a few major development concerns have come to the fore.

  7. Major Development Concerns • Low economic literacy • Infrastructural bottlenecks • Lack of training and skill generation, innovation and marketing strategies • Lack of efficient information dissemination about structural changes • Middlemen as exploiters

  8. Linking the concerns to the FTP • Most stakeholders of the opinion that FTP aimed at large farmers/producers/exporters • Tendency of FTP to focus on incentives for exporters, instead of producers as well > numerous producers cater to single trader/exporter resulting in exploitation • Lack of coordination between various levels of the government>implementation issues

  9. The Way Forward • Changes in policy formulation • Regulatory changes • Infrastructure • Marketing Facilities • Bridging information gaps • Development of human resources

  10. Thank You