CHAPTER 7

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 Foreign Trade Policy (2015–20) has a multipronged focus and an integrated approach which focuses on the trade ecosystem alongside a market and product focused strategy. The policy also contains two new schemes–Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS)—for goods and services. The market strategy includes improving the country’s present engagement ...

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