Foreign Trade (Development and Regulation) Act, 1992

Author(s)	Namiti Pal, Ruchi Kaushik
Country	India
Abstract	Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 confers significant authority upon the Central Government of India to craft and modify the Foreign Trade Policy (FTP), a critical instrument in regulating international trade activities. This provision grants the government the flexibility to adapt trade policies to evolving economic landscapes and global market dynamics. Through notifications in the official gazette, the government announces the FTP and any subsequent amendments, ensuring transparency and accessibility to stakeholders. This abstract provides a concise overview of Section 5, highlighting its role in shaping India's trade strategies, facilitating exports, and attracting investments. The provision's flexibility enables the government to pursue strategic objectives, fostering economic growth and integration into the global economy.
Keywords	Economic Growth, Trade Facilitation, Tariff Policies, Import Regulations, . Export Promotion
Field	Sociology > Administration / Law / Management
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-05-21
Cite This	Foreign Trade (Development and Regulation) Act, 1992 - Namiti Pal, Ruchi Kaushik - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.20269
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.20269
Short DOI	https://doi.org/gtwmvw

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