In exercise of the powers conferred by the foreign trade development and regulation act, 1992, The agency for commerce and industry notifies a foreign trade policy ftp on a regular basis with certain underlined objectives. The ftp sets spells out focus initiatives, And also addresses issues, Identifies key strategies, Out the outlines export, Core objectives incentives concerning institutional support including simplification of procedures relating to export activities. The ftp is announced during a timeframe of five years during which annual supplements to the policy are added on 1st of april every year. The currently applicable foreign trade policy, 2009, 2014 was announced in the month of august 2009.