Indian & World Geography·Policy Changes
Export Import Policy — Policy Changes
Constitution VerifiedUPSC Verified
Version 1Updated 5 Mar 2026
| Entry | Year | Description | Impact |
|---|---|---|---|
| Foreign Trade Policy 2015-20 Extension | 2020 | Extended the FTP 2015-20 for one year due to COVID-19 disruptions, with modifications to address pandemic-related trade challenges including relaxation of export obligations and enhanced support for essential goods exports | Provided policy continuity during crisis while allowing flexibility for businesses to adapt to changed circumstances |
| RoDTEP Scheme Introduction | 2021 | Replaced the WTO-disputed MEIS scheme with RoDTEP to ensure compliance with international trade rules while maintaining export competitiveness through refund of embedded taxes and duties | Resolved WTO compliance issues while providing a more transparent and comprehensive incentive mechanism for exporters |
| Foreign Trade Policy 2023 Launch | 2023 | Introduced comprehensive new policy framework with 'Districts as Export Hubs' concept, enhanced digitalization, sustainability focus, and alignment with Atmanirbhar Bharat objectives | Shifted from sector-based to geography-based export promotion, emphasizing inclusive growth and local potential development |