New Delhi: The union commerce minister, Kamal Nath, yesterday said that the national foreign trade policy (NFTP) of the United Progressive Alliance (UPA) government would unshackle the export sector from arduous bureaucratic procedures. Kamal Nath, who had a meeting with the finance minister, P. Chidambaram, ahead of the release of the NFTP this month, said that all export promotion schemes would in the long run be made WTO compatible.

He said exports would get the highest priority of the government to achieve higher economic growth. Besides, export-led growth has the potential for higher employment generation.
The Minister also made it clear that there was no specific proposal before the Government on the issue of entering into a free trade agreement on services with the US.

"The issue was discussed in the Indo-US joint business council (JBC) and the Government is not involved in the issue as yet," Kamal Nath told press persons at the North Block in the capital.