Development of foreign trade policy: Objectives, salient features; policy governing support
of indigenous industry; technology upgradation; impact of foreign trade policy; Recent
changes in foreign trade policy in India.
Composition and direction of India’s importance and exports ; export promotion measures;
Export Promotion Councils; Commodity Boards; Chambers of Commerce and Industry; India
Trade Promotion Organisation; Federation of Indian Export Organisations; Indian Institute
of Foreign Trade : ECGC : Export houses and trading houses: EOUs and EPZs; Export
incentives; Project Exports and Consultancy exports.
Free Trade and Protection : Case for free trade; Protection – meaning; fallacious arguments ;
economic and non-economic arguments; Protection and underdeveloped countries; Barriers
of trade: Non-tariff barriers; QRs, VER and other non-tariff barriers. Economic effects of
tariff; arguments in support of barriers; measuring the effects of trade barriers; discriminating
trade policies; Dumping: Kinds, conditions and effect of dumping.
Export trade procedures: offer and receipt of orders; export licensing; producing the goods;
shipment; banking procedure; export documentation; exporter’s declaration; shipping bills,
bills of lading, certificate of origin, consular invoice, letter of credit etc; obtaining payment.
MCom (Masters in Commerce) Subjects