The foreign trade policy for the period 2009-2014 was announced on 27th August 2009 at a time when the world was emerging from the shadow of a challenging economic period, the worst we have seen In the last 7 decades. Economies and markets across the world were in turmoil, causing sharp contraction in international trade , adversely impacting global investment flows, rendering over 50 million people jobless. The world trade witnessed an unprecedented contraction of over 12%.

In this backdrop, the key objective for the Foreign Trade Policy was to arrest the declining exports and reverse the trend.

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