Inclusive Revisions: DGFT Strengthens Stakeholder Role in Trade Policymaking

The Directorate General of Foreign Trade (DGFT) has amended the Foreign Trade Policy to mandate stakeholder consultations on draft policies. This move ensures stakeholder involvement in policy formulation while the government retains the right to finalize policies when differing opinions arise.

The Directorate General of Foreign Trade (DGFT) has revised the Foreign Trade Policy to require consultations with stakeholders on draft policies. This change, announced on Friday, aims to involve stakeholders like importers, exporters, and industry experts in the policy-making process.

The amendments oblige the government to provide explanations when it does not accept stakeholder feedback, reflecting a commitment to considering every valuable opinion. However, the government maintains the authority to make final decisions, especially when dealing with divergent views.

By including these measures, the government seeks to enhance ease of doing business, ensuring policies are well-informed by those who participate in trade activities. The amendments underscore the government's dedication to transparent and inclusive policymaking.

(With inputs from agencies.)