Foreign Trade Policy — Prelims Strategy
Prelims Strategy
For Prelims preparation, focus on memorizing specific scheme features, rates, and eligibility criteria rather than broad policy objectives. Create comparison tables for MEIS vs RoDTEP, FTP 2015-20 vs FTP 2023, and different export promotion schemes with their key features.
Pay special attention to numerical data like export targets (USD 2 trillion by 2030), RoDTEP rates (0.5% to 4.3%), and SEZ domestic sales limits (50%). Constitutional provisions, particularly Entry 41 of Union List and related Supreme Court judgments, are frequently tested.
Current affairs integration is crucial - track recent FTA signings, trade agreement negotiations, and policy amendments. Practice elimination techniques by understanding the logic behind each scheme's design and identifying obviously incorrect options.
Common traps include confusing scheme names, mixing up rates and percentages, and incorrect constitutional provisions. Use mnemonics for remembering multiple schemes and their features.