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Annual supplement 2007 to foreign trade policy

20
Apr '07
A five-year foreign trade policy regime was announced by the commerce and industry minister, MR KAMAL NATH in the year 2004. Stability of trade policy regime has yielded very positive results and in the three years since then, india's merchandise exports have almost doubled. India's share of world trade has moved from 0.76% to above 1%.

Incremental exports in last 3 years have created additional 75 lakhs jobs.

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Consistent growth kept pace with target. Exports touched us$ 125 billion during last financial year.

Export target for 2007-08 fixed at us$ 160 billion, to be raised to us$ 200 billion for 2008-09.

Current annual supplement to FTP aims to provide further momentum to exports growth. Changes include the following major initiatives

Press Information Bureau


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