International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

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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