CHAPTER 8
International Trade Finance and Promotion
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Understand the importance of finance for trade
- Highlight the different sources of trade finance
- Explain the importance of trade promotion
- List the different sources of trade promotion in India
THE NEW INDIAN TRADE POLICY
India’s new Foreign Trade Policy (FTP) announced in April 2023, aims at creating an ecosystem which is conducive for the accelerated growth of Indian exports. The policy is built on the principles of trust and partnership with exporters and has four basic pillars: Incentive to Remission, Export Promotion through Collaboration, Ease of Doing Business, and Emerging Areas. The core elements of this ...
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