Department of Commerce, India

Department of Commerce, India formulates, implements, and monitors the Foreign Trade Policy (FTP) which provides the basic framework and strategy to be followed. The Trade Policy is periodically reviewed to incorporate changes necessary to take care of emerging economic scenarios both domestic and international. Besides, the department is also entrusted with responsibilities relating to multilateral and bilateral commercial relations, Special Economic Zones, state trading, export promotion and trade facilitation, and development and regulation of certain export-oriented industries and commodities.