New Delhi, Jan 3 (IANS) The Directorate General of Foreign Trade (DGFT) has notified the amendment in the Foreign Trade Policy, 2023 to make it necessary to hold consultations with stakeholders to seek views, suggestions, comments or feedback from relevant stakeholders, including exporters and industry experts concerning the formulation or amendment of the Foreign Trade Policy.
The latest amendment in the Foreign Trade Policy, 2023 was made to include Para 1.07A and 1.07B to bring legal backing to holding stakeholder consultations.
It also provides the mechanism to inform reasons for not accepting views, suggestions, comments or feedback concerning the formulation or amendment of the Foreign Trade Policy, 2023.
The latest amendments reflect upon the Central government’s commitment towards strengthening the scope of Ease of Doing Business (EoDB) in India by encouraging stakeholder and expert participation through consultation in the decision-making process, the official statement said.
The key objective of the amendments is to encourage the participation of all stakeholders in the decision-making process before introducing or changing policy and procedures affecting the importation, exportation, and transit of goods along with a reasonable opportunity to comment and contribute in the process.
The government is committed to ensuring due consideration is given to every valuable feedback which is received from stakeholders.
However, at the same time, the government has to remain cognizant of the fact that multiple stakeholders may offer different opinions on the same subject and in such cases for smooth functioning of business the government ought to reserve to itself the right to take a final call.
It is only to deal with exceptional circumstances such as this, that the right to suo motu formulate policies has been reserved with the government, the statement explained.
The notification needs to be read in the light of the overall inclusiveness it is ushering into decision-making, the exception to the notification which provides for suo motu decision-making to meet contingencies has, after all, to be seen in the broader sovereign power of the government, the statement said.
–IANS
sps/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
