ISLAMABAD - The announcement of Trade Policy 2011-12 has been further delayed due to the Commerce Ministers visit to India and now it might be announced within the first couple of weeks of October, The Nation has learnt. The trade policy was expected to be announced after the Eidul Fitr, in the first week of September. Meanwhile Prime Minister Yousaf Raza Gilani has already approved the proposals of new trade policy finalised by Ministry of Commerce (MoC) on September 10. However, due to several reasons, the announcement of the policy was delayed. The trade policy would first be presented in the Economic Coordination Committee (ECC) of the cabinet for approval, which would be later announced by Commerce Minister Makhdoom Amin Fahim in a press conference. The policy is almost in its final shape and will be unveiled after the Commerce Ministers visit to India, said an official of the Commerce Ministry while talking to The Nation on Friday. The Commerce Minister is on Indian visit from September 26-30 on the invitation of his Indian counterpart. The delay in announcement of the trade policy is also annoying business community as they want early announcement so that exporters could be facilitated. The first quarter (July-September) of the ongoing financial year has gone away and the government is yet to come with trade policy, said a Karachi-base businessman. In new trade policy, the government has fixed exports target at $26 billion for the ongoing financial year during 2011-12, which would touch an all-time-high benchmark. Meanwhile, the imports would be in the range of $35 to $40 billion. According to the figures of the Federal Bureau of Statistics, countrys exports showed a growth of over 20 per cent in July-August 2011 period and totalled at $4.167 billion against $3.465 billion of July-August 2010. Meanwhile the imports also surged by some 20 per cent and recorded at $7.495 billion in July-August 2011 against the $6.249 billion of July-August 2010 period. Therefore, the trade deficit has recorded at $3.328 billion during the first couple of months of ongoing financial year. The Ministry is geared towards seeking better market access, addressing tariff and non-tariff issues and also encountering tariff barriers created by the regional and bilateral arrangements for third parties. Similarly, the new trade policy would also included 18 new items in the trade list for import from India, as the commerce minister has already got approval of the Prime Minister, Yousaf Raza Gilani in this regard.