COVID-19: Foreign trade policy may get extended

COVID-19: Foreign trade policy may get extended


The government is likely to extend the existing Foreign Trade Policy by six months to September 30 in the wake of the Covid-19 outbreak. A decision is expected in a couple of days, officials said. 

“There is a request to extend the extant policy from many export promotion councils; we are looking at it,” an official aware of the development told ET. 

The request was made at a videoconference commerce and industry minister Piyush Goyal held with industry representatives on Friday to assess the impact of the Covid-19 outbreak and the ongoing lockdown in the country, and to get their feedback and suggestions in ameliorating the situation. 

“Industry said it is not desirable to make changes at this juncture,” a second official said. We are in advanced stages of consideration and will decide soon