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EXIM Policy and Procedure Foreign Trade Policy & Procedure (formerly EXIM Policy) is announced in every five years by the Ministry of Commerce & Industry, Government of India to boost India's foreign trade and to define policy relating to the general provisions regarding exports and imports. Foreign Trade Policy is updated every year on the 31st of March and the modifications, improvements and new schemes are effective w.e.f. 1st April of every year in line with the five year's policy. The current Foreign Trade Policy has been announced for the year 2004-09 with one of the aim to double India's share in global merchandise trade. The Foreign Trade Policy for the year 2007-08 was announced with effect from April 1, 2007. This Foreign Policy has identified some special focus areas i.e. agriculture, handlooms, handicrafts, gems & jewellery, leather and marine sectors to increase India's share in global merchandise trade and employment. For the full version of Foreign Trade Policy and Procedure of the year 2007-08, you may click on the following link:
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