The DGFT acts as India's principal regulator for import-export policies. It formulates and executes the Foreign Trade Policy (FTP) to foster exports and manage imports. The DGFT issues Importer Exporter Codes (IECs) and licenses for traders. It also administers programs such as SEIS (Service Exports from India Scheme) and MEIS (Merchandise Exports from India Scheme). Furthermore, the DGFT ensures India's trade adheres to international agreements and compliance standards.