Highlights of the Foreign Trade Policy

Following are the highlights of the Annual Supplement 2006 to the Foreign Trade Policy unveiled by Commerce and Industry Minister Kamal Nath on Friday.

• Exports cross $100 bn to touch $101 bn in FY'06
• Imports increase to $140 bn
• Vishesh Krishi Upaj Yojna (VKUJ) expanded
• VKUJ to cover village and cottage industries
• Target Plus Scheme scrapped
• Focus Product & Focus Market schemes introduced
• Precious metal & stones imports to be made easier
• Import of new vehicles by component mfrs made easier
• Clear guidelines for import of GM crop inputs
• Food supplies to internat'l flights treated as exports
• Advance Licensing and DFRC schemes clubbed
• New scheme called Duty Free Import Authorisation scheme
• Export Promotion Credit Guarantee scheme made flexible