India National Manufacturing Policy - Trade Policy and Programmes

Points Made in the Book , National Policy Studies in the light of Ekatma Manav Darshan, Edited by Ravindra Mahajan, Published by Centre for INtegral Studies & Research, Pune, 2013

Section 5.11 A Export Orientation

1. The economic activity is all sectors should be benchmarked against the best in the global market.
2. We should also try to take advantage of export opportunities available in the world markets. But becoming an export dependent economy would not be in our interest.

Section 5.21 Stress on International System

In the days ahead, we have to continue to place emphasis on multilateral efforts to establish instruments and norms that will enhance mutually beneficial economic cooperation among countries.

Points made in the India National Manufacturing Policy Regarding Trade Policy

10. TRADE POLICY

10.1 Trade policy impacts significantly on the domestic production level and profile. The import and export regime, whether tariffs or export promotion measures constitute important policy instruments which shape a country’s production profile. With increasing globalization and international engagement, it is critical that these policy instruments be aligned carefully so that domestic manufacturing is not adversely impacted.

10.2 Trade policy is no longer restricted to border measures. International trade rules now encompass measures which are more internal to an economy than just border measures, for example, public/government procurement. Government procurement can be a significant domestic policy instrument by which industry can be seeded/supported through local value addition requirements. This policy proposes government procurement as a significant instrument. As such it needs to be ensured that the available flexibilities are not diluted at this juncture when the attempt is to strengthen the manufacturing sector.

10.3 The policy will take active measures to protect export of products and services from India from border taxes or other border measures that may be imposed by partner countries on the grounds of protection of environment including those related to GHG emissions reduction.

10.4 NMCC will be authorized to examine and make recommendations on duty structures and other measures to the extent that they impact the manufacturing sector in order to ensure that changes therein do not adversely affect the manufacturing sector.

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Updated on 29 July 2017, 26 June 2016