The tenure of the Foreign Trade policy is

A. 3 years

B. 5 years

C. 1 year

D. 7 years

Answer: Option D

Solution(By Examveda Team)

The tenure of the Foreign Trade policy is 7 years. The Foreign Trade Policy (FTP) was introduced by the Government to grow the Indian export of goods and services, generating employment and increasing value addition in the country. The Government, through the implementation of the policy, seeks to develop the manufacturing and service sectors.