NEW DELHI: India wants to be ready with its revised Foreign Trade Policy FTP ) well in time for the rollout of Goods and Service Tax GST ) on July 1. The government would take up the concerns of the import-export community regarding the tax with the GST Council, ahead of revising the foreign trade policy In a day-long discussion held with the stakeholders on the FTP review, the exporters had raised concerns over delays in tax refund and locking up of funds which could be used for investments.“We will hold a meeting with Revenue Secretary Hasmukh Adhia to address concerns of the export-import community regarding the GST,” Commerce Minister Nirmala Sitharaman told reporters on Saturday.The government is also considering a suggestion to treat import and export on a parity in the revised FTP since many of the import items are used as inputs for export goods. “Imports should not be looked as disconnected from exports. We want to encourage trade not just exports…FTP could look into this matter,” Sitharaman said.The government will look at ways of promoting the small and medium enterprises sector to generate employment in the revised FTP. The commerce ministry is also considering a proposal to enhance the scope of rupeebased trade so that a currency swap model can be adopted. “We are looking at grants for global company partnerships for promoting joint venture-driven trade expansion,” she said.FTP 2015-20, announced in 2015, has set an export target of $900 billion, or about Rs 58 lakh crore, by 2020. In 2016-17, India’s merchandise shipments aggregated at $275 billion, or about Rs 17 lakh crore.