Compliance moves onto the export balance sheet
The Directorate General of Foreign Trade amended the Trade Regulations, Accreditation and Compliance Enablement (TRACE) scheme on July *. Micro and small enterprises can now receive assistance of up to ** per cent of eligible costs and medium enterprises up to ** per cent. The normal cumulative ceiling doubled from ****;*.* million (~$**,***) to ****;* million (~$**,***) per Importer-Exporter Code (IEC) per financial year, approximately $**,*** to $**,*** at current exchange rates.
The eligible testing, inspection and certification list has also expanded to *** entries. The change is substantial: when TRACE was introduced in February ****, support was ** per cent for the Positive List and ** per cent for the Priority Positive List.
Apparel**;s $**-billion exposure
