Indias trade policy largely driven by domestic supply factors: WTO
Jayarama Emani | The Dollar Business Despite India continuing its efforts to liberalize and facilitate trade for some agricultural products, and proceeded with further structural reforms including by eliminating price controls on diesel and relaxing foreign direct investment (FDI) restrictions in some sectors, its tariff structure remains complex. These were the findings of the sixth Trade Policy Review of India, prepared by World Trade Organisation (WTO). The review also said that, India's trade policy is largely driven by domestic supply considerations and also intended to attain short-term objectives, such as containing fluctuations in commodity prices. This requires constant fine-tuning of policies, for example, through notifications by the Directorate General of Foreign Trade (DGFT) and Customs, rendering the trade regime less predictable and ...
