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Lok Sabha
The primary role of Directorate General of Foreign Trade (DGFT) is promotion of India’s foreign trade by implementing various export promotion schemes. Before 1991, Directorate General of Foreign Trade worked more as a regulator but in the post WTO liberalized economic scenario, Directorate General of Foreign Trade is required to play a more effective and wide ranging role as a trade facilitator. DGFT is required to act as a resource centre for trade information, as a monitoring agency for imports and exports and as a support organisation for WTO negotiations.
This was stated by Shri EVKS Elangovan, Minister of State for Commerce & Industry, in a written reply in the Lok Sabha today.
SB/MRS
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