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Foreign Trade Policy (2015-2020) - An Analytical Review

International Journal of Applied Marketing and Management

Volume 3 Issue 2

Published: 2018
Author(s) Name: Bharat Bhushan Sharma | Author(s) Affiliation: Agrasen PG College, Sikandrabad, Bulandshahr, Uttar Pradesh, India.
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Abstract

Foreign trade is the sector which connects the domestic economy with the rest of the world and provides the goods and services which nation and the economies across the world fail to produce with their domestic resources. For engaging in foreign trade, countries need to have their own foreign trade policies, which lay down the provisions that govern their trade in the international markets. India also went for framing many trade policies and the foreign trade policy of 2015-2020 is the latest addition to the group of trade policies of India. This paper aims to throw light on the basic provision, the feasibility of the new trade policy and its errors and omissions.

Keywords: Foreign Trade Policy, Provisions, Feasibility, Errors and Omissions

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