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Which of the following is NOT one of the pillars of India’s ‘Foreign T

June 1, 2025 by rawan239

Which of the following is NOT one of the pillars of India’s ‘Foreign Trade Policy-2023’ ?

Enlarging MFN (Most Favored Nations)

Export promotion through collabo- ration

Ease of doing business

Emerging areas – streamlining SCOMET policy

This question was previously asked in

UPSC CAPF – 2024

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‘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.

MFN is a status accorded by one country to another in international trade, meaning that the granting country must extend to the recipient country any trade advantages (such as low tariffs) that it extends to any other country. While India adheres to WTO principles including MFN, it is not framed as a strategic pillar for promoting exports in the domestic trade policy document.

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