The Centre will unveil the much-awaited mid-term review of the foreign trade policy in New Delhi today. Commerce Minister Suresh Prabhu, Minister of State of Commerce and Industry C.R. Chaudhary, along with top officials including the Directorate General of Foreign Trade Atul Chaturvedi, Commerce Secretary Rita Teaotia and Revenue Secretary Hasmukh Adhia will attend the event. The review is likely to address exporters' concerns to arrest the declining trend of shipments. Exports entered the negative terrain after over a year, contracting 1.12 per cent in October.<br/><br/>The mid-term review was earlier supposed to be released before 1st July this year, in line with the introduction of GST. However, it was put off as the government wanted to factor in the feedback from exporters based on their experience with GST.<br/><br/>The five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching 900 billion dollar by 2020. It also aims at increasing India's share of world exports to 3.5 per cent, from 2 per cent.

The Centre will unveil the much-awaited mid-term review of the foreign trade policy in New Delhi today. Commerce Minister Suresh Prabhu, Minister of State of Commerce and Industry C.R. Chaudhary, along with top officials including the Directorate General of Foreign Trade Atul Chaturvedi, Commerce Secretary Rita Teaotia and Revenue Secretary Hasmukh Adhia will attend the event. The review is likely to address exporters' concerns to arrest the declining trend of shipments. Exports entered the negative terrain after over a year, contracting 1.12 per cent in October.<br/><br/>The mid-term review was earlier supposed to be released before 1st July this year, in line with the introduction of GST. However, it was put off as the government wanted to factor in the feedback from exporters based on their experience with GST.<br/><br/>The five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching 900 billion dollar by 2020. It also aims at increasing India's share of world exports to 3.5 per cent, from 2 per cent.