Question : AMENDMENT OF FOREIGN TRADE ACT,1992



(a) whether the Government is amending the definition of word services by amending the Foreign Trade (Development & Regulation) Act, 1992;

(b) if so, the details thereof;

(c) whether the Government is not willing to treat services at par with goods; and

(d) if so, the reasons therefor?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI JAIRAM RAMESH)

a)to d): The Government proposes to amend the Foreign Trade (Development & Regulation) Act, 1992 and bring ‘services’ within the purview of the said Act. The proposal is presently under consideration and the details of the proposed amendment are under finalization.