What are the objectives of Export Import policy 1997-2002? Describe the highlights related to major changes in this policy.

Explain various specific provisions related to export.

The Export-Import Policy 1997-2002 was a significant framework introduced by the Government of India to streamline international trade, foster exports, and improve the balance of payments. This policy set the direction for foreign trade by focusing on increasing the country's export potential, reducing the trade deficit, and aligning with global trade practices. The key objectives of the policy were designed to provide a comprehensive and sustainable growth trajectory for India's foreign trade during the period.

### Objectives of the Export Import Policy 1997-2002

1. Boosting Export Growth: One of the primary objectives was to accelerate the growth of exports, particularly non-traditional exports, by enhancing the competitiveness of Indian goods and services in the global market.

2. Diversification of Export Markets and Products: The policy aimed to diversify India’s export basket and target new and emerging markets. It sought to reduce the dependency on traditional markets, such as the U.S. and Europe, by opening up new avenues for trade, especially in the developing countries.

3. Reduction of Import Dependence: By encouraging exports, the policy aimed to reduce the trade deficit by curbing unnecessary imports and promoting the substitution of domestic production for imported goods.

4. Improvement in Export Infrastructure: The policy sought to enhance the export-related infrastructure, including ports, customs procedures, and logistics, to facilitate smoother export activities. This included the setting up of special export zones and infrastructure for handling the export processes more efficiently.

5. Encouraging Export-Oriented Units (EOUs): The government introduced a number of incentives to encourage the establishment of export-oriented units, which would ______ ___ ______ ______ _________.
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