Business Today

MEASURES TO PROTECT HOME TURF

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India is involved in 23 cases as complainan­t in the WTO’s dispute settlement body. It is defending 25 complaints against it, and is involved as a third party in 129 cases, making it among the most active in protecting its trade interests

The 2018 Union Budget raised basic customs duty on a host of items such as mobile phones, TV components, furniture and certain automobile parts

2017 - Relief package for exporters by extending the Advance Authorizat­ion/Export Promotion Capital Goods/100% EOU schemes for sourcing inputs, etc, from abroad as well as domestic suppliers.

During the mid-term review of the Foreign Trade Policy, export incentives under Merchandis­e Exports From India Scheme were increased by 2% for labour intensive and MSME sectors, leading to additional annual incentive of ` 4,567 crore.

Make in India and Ease of Doing Business measures to reduce imports and promote local manufactur­ing

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