An EXIM policy is a government plan that helps a country with its international trade. It includes rules and benefits for things like exporting and importing goods. These policies are made to make trade easier, boost the economy, and protect a country’s interests.

EXIM stands for “Export-Import”

The EXIM Policy, also called the Foreign Trade Policy (FTP), is managed under the Foreign Trade Development and Regulation Act of 1992.

In 2004, the EXIM Policy got a new name, becoming the Foreign Trade Policy. This change aimed to take a more complete approach to foreign trade in India.

The Ministry of Finance works with the DGFT and the Union Minister of Commerce and Industry to make changes to India’s EXIM Policy. They announce these updates with the help of DGFT’s regional offices.