Export Import Policy or Exim Policy under the Foreign Trade (Development and Regulation Act), 1992 governs the exports and imports. The latest version is Exim Policy 2015-2020. India gets preferential treatment under various different Preferential Trading Agreements [PTAs], Free Trade Agreements [FTAs], Comprehensive Economic Cooperation Agreements [CECAs] and Comprehensive Economic Partnerships Agreements [CEPAs] in bilateral and multilateral relations. Global norms are governed by World Trade Organisation (WTO) and various enabling institutions.
Special export dedicated areas:
The government and the industry have created special physical areas for promotion of Exports. They are:
EOUs: Export oriented unit
EHTPs: Electronic hardware technology park
STPs: Software technology park
BTPs: Biotechnology Park
In these free trade zones, the value of the goods exported should be not less than 50% from the domestic market. The basic purpose behind them is : Export promotion, creation of a cluster, supply chain, logistics, etc