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DGFT mandates consultations before policy changes, stakeholders to have say in foreign trade policies

The Directorate General of Foreign Trade (DGFT) in India has introduced a new policy requiring consultations with stakeholders before implementing any changes to foreign trade policies. This initiative aims to enhance transparency and inclusivity in policy-making by ensuring that exporters, importers, and other relevant parties have a say in the formulation of trade regulations. The move is part of a broader effort to streamline trade processes, reduce compliance burdens, and foster an environment conducive to trade growth. Stakeholders will now have the opportunity to provide feedback and suggestions, which could lead to more effective and practical trade policies. This policy change reflects the government's commitment to engaging with the business community to better understand their needs and challenges in the global trade landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/dgft-mandates-consultations-before-policy-changes-stakeholders-to-have-say-in-foreign-trade-policies/ar-AA1wV9Yr ]