“New Foreign Trade Policy 2015-20”: What is it? [Answer Limit: 50 words] [UKPSC 2016]
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Indian government’s New Foreign Trade Policy 2015-20 is introduced with the main objective of improving exports, making the process easier and competitive in the global trade. Its goal is to boost digital trade, reduce compliance burdens and grant incentives to exporters. Skill development and infrastructure improvement also have a direct bearing on the export sector are emphasized in the policy.