New Delhi: With merchandise demand slowing down in global markets, the Com-merce Ministry is drawing a new strategy for achieving exports of $500 billion by the end of 2013-14.
“It will take around a month to prepare the action plan. The focus will be on reducing transaction costs of exporters, ensuring they do not face non-tariff barriers in the importing countries,” a senior Commerce Ministry official told PTI.
While the Ministry had drawn a strategy paper in May last year on doubling exports in three years from $251 billion in 2010-11, deteriorating conditions in the global economy require a fresh look at the game plan, the official said.
