JOIN USForeign trade policy in Aug, says Sharma
The ministry is also looking as steps to boost export, which has been hit hard by the worst economic downturn overseas since the 1930s, even though India has not been affected to a great extent, Sharma told reporters here.
Sounding optimistic, Sharma said by September this year there would be visible increase in export after the various proposes incentives are given to exports.
Exploring new avenues
The commerce ministry is would also recommend some measures to the Finance Minister in this regard, he added.
Sharma said he has also advised officials of his ministry and Director General of Foreign Trade to look for new avenues to boost foreign trade in Latin American and African countries besides others. Sharma said he would soon convene a meeting of the industry ministers of all the states to discuss problems facing industrial sector and to encourage export and foreign trade. Sharma said he would go to the US and other countries soon to study possible export potential items to these countries.Sharma he would discuss with Finance Minister Pranab Mukherjee the problems being faced by tea planters and coffee workers and recommend some incentives for them. He said to encourage export of items like tea, black as well green, zero duty incentives could continue.