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The government will release Export Promotion Mission guidelines next week with a Jan 15 deadline
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The mission aims to be central to India's long-term trade strategy amid FTA negotiations
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New notifications on the Market Access Initiative and Interest Equalisation Scheme will be issued
Commerce Minister Piyush Goyal said on Tuesday that the Union government would begin releasing Export Promotion Mission guidelines next week, setting a tight timeline for a Jan. 15 completion.
The mission is expected to become the backbone of India’s long-term trade strategy as FTA negotiations intensify.
The rollout will include fresh notifications on the Market Access Initiative and the Interest Equalisation Scheme, with the revised interest support percentage also set to be announced next week, Director General of Foreign Trade Ajay Bhadoo said.
Goyal said the Board of Trade expressed satisfaction with ongoing trade talks and noted that India’s merchandise and services exports remain in positive territory, with seafood exports having surpassed last year's $4.2 billion figure, standing at $4.8 billion in November already despite US tariffs.
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