Foreign Trade Policy - 1516 Words

†Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India† The Foreign Trade Policy 2009-14 of the Govt. of India is a â€Å"holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.† On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act as a facilitator to intensive exporters to get them out of what we may call the tsunami. Objectives of last 2 policies of Foreign Trade of Govt. of India 1) 2004-2009 The last 5 years (2004-09) FTP was released on 1st September in the year†¦show more content†¦Major economic indicators of †¢ Industrial production †¢ Trade capital flows †¢ Unemployment †¢ Per-capita investment and consumption have taken a hit. WTO estimates that the global trade this year is likely to decline by 9% in volume terms while IMF has projected a decline over 11%. World Bank estimates 53 million over of people would fall into poverty this year and a billion of people would go chronically hungry. Fortunately India has not been affected to the same extent as the other economies of the world. But our exports have suffered a decline since last 10 months due to contraction in demand in the traditional export markets. Indian exports have slowed down since October 2008(surprisingly it is dropped of a contraction in exports) because of economic downturn and financial crisis in principal markets in North America and European Union. EXPORT SCENARIO Setting Targets 2008-09 2010-11 2013-14 Total Indian Exports: US$168.70bn US$200bn US$336 bn India’s Share in: 1.65 % 3.28% (Aim by 2020) World Exports I Year Export Import Trade Gap Value Value [ E (-) I } (US$ bn) (US$ bn) (US$ bn) 2001-02 43.82Show MoreRelatedForeign Trade Policy1508 Words   |  7 Pages†Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India† The Foreign Trade Policy 2009-14 of the Govt. of India is a â€Å"holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.† On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act as a facilitatorRead MoreForeign Policy : Trade With Foreign Nations854 Words   |  4 PagesForeign Policy – Trade with Foreign Nations The policy issue I have chosen is trade with foreign nations. The approach that the United States government has adopted to address foreign trade is varied depending on the nation in question. For some nations, the United States has what is called a Free Trade Agreement which is an â€Å"arrangement among two or more countries under which they agree to eliminate tariffs and nontariff barriers on trade in goods among themselves† (Cooper, Free Trade Agreements:Read MoreForeign Investment And Trade Policy1565 Words   |  7 PagesForeign Investment and Trade Policy: Brazil can be seen as country that is open and inviting foreign investments. Brazil remains the top destination for FDI in the Latin American region and according the A.T. Kearney Foreign Direct Investment Confidence Index for 2015, Brazil is ranked #6 as a global FDI destination. FDI inflows into Brazil stood at USD 60.5 billion as on Feb 2015, (Central bank of Brazil). The US Department of State’s report on Brazil states that Brazil is a foreign investment friendlyRead MoreIndia: Foreign Trade Policy769 Words   |  4 Pageshttp://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/SOUTHASIAEXT/EXTSARREGTOPINTECOTRA/0,,contentMDK:20592520~menuPK:579454~pagePK:34004173~piPK:34003707~theSitePK:579448,00.html India: Foreign Trade Policy | | | | | India: Foreign Trade PolicyAlthough India  has steadily opened up its economy, its tariffs continue to be high when compared with other countries, and its investment norms are still restrictive. This leads some to see India as a ‘rapid globalizer’ while others still see it asRead MoreForeign Policy And Trade Regulation1862 Words   |  8 PagesEuropean integration in areas such as justice, currency, foreign policy and trade regulation. As it stands, member nations are incredibly intertwined in common policies which serve to create a unified Europe. However, one large area that has been left untouched by integration has been a common, European military. Though European member states are highly integrated as part of their membership in the EU, Europe’s currently military policies are insufficient, and their inability to create a militaryRead MoreThe Impact Of Foreign Policy On International Trade Essay1494 Words   |  6 Pagesinternational trade, many people h ave posed their opinion about what the role of government should be in it. Different factors are involved when it comes to deciding what this should be. It impacts a lot of people, so in order to do that, trade policy must be properly defined, identify what the roles of government currently are, and their involvement in it, and then analyse what should be their role. Trade policy is how a country carries out trade with other countries (Commercial Policy, n.d). EvenRead MoreThe Role Of Government And Foreign Trade Policies Essay1588 Words   |  7 PagesGovernment should play in trade policy has been long debated over the years and is constantly changing to keep up with the needs and wants of a country. International trade policies are vital to any countries prosperity, and more specifically the economic development. Trade Policy is a set of rules and guidelines that determine how a country acts towards another in regards to trade and global business whether it be through free-trade or protectionism. The Governments role in trade policies include regulationRead MoreThe Foreign Trade of Bangladesh - Its Composition, Performance, Trend, and Policy6029 Words   |  25 PagesThe Foreign Trade of Bangladesh: Its Composition, Performance, Trend, and Policy Mohammad Mafizur Rahman Abstract Despite structural limitations in the Bangladesh economy, the export sector performed well throughout the 1990s. The export growth rate of Bangladesh was higher than that of the world and the SAARC countries. However, the balance of trade of Bangladesh was always in deficit and the trade deficit with India is huge. The export share of primary commodities has decreased while thatRead MoreInternational Investment And Trade : Foreign Policy Goals And Consumer Safety1604 Words   |  7 Pagesregards to international investment and trade, a government’s political proposals are deeply in conflict with its economic arguments (Heuet, 2015) despite both being implemented with the focal objective to improve a country’s market efficiency and competitiveness. Despite the concern and view that government intervention results in protecting the interests’ of producers at the expense of consumer interests, it is imperative to recognise that imposed trade barriers, such as tariffs, taxes and quotasRead MoreForeign Policies Big And Small Affect Our Lives1413 Words   |  6 Pages Foreign policies big and small affect our lives in many seemingly unconnected ways. War and military interventions may grab headlines, but our actions in the international political system are much more wide reaching. Almost everyday there are trade agreements between countries and international political candidates being elected that affect our lives as US citizens as much or even more than the military actions we always see on CNN and the New York Times. Foreign policy is much more extensive than