Which of the following is NOT one of the pillars of India’s ‘Foreign Trade Policy-2023’ ?
[amp_mcq option1=”Enlarging MFN (Most Favored Nations)” option2=”Export promotion through collabo- ration” option3=”Ease of doing business” option4=”Emerging areas – streamlining SCOMET policy” correct=”option1″]
This question was previously asked in
UPSC CAPF – 2024
‘Enlarging MFN (Most Favored Nations)’ is not listed as one of the explicitly stated pillars of India’s Foreign Trade Policy 2023. The policy outlines specific strategies and focus areas, none of which is termed “Enlarging MFN”.
The Foreign Trade Policy 2023 is structured around four pillars: (i) Incentive to Remission, (ii) Export Promotion through Collaboration – Exporters, States, Districts, Indian Missions, (iii) Ease of doing business – reduction in transaction cost and time, and (iv) Emerging Areas – E-commerce exports and streamlining SCOMET policy.