State Trading Enterprises (STE)
These are entities that are authorised to import and export certain specified classes of goods. These entities can be governmental as well as non-governmental enterprises, including marketing boards, which deal with goods for export and/or import. Article XVII of the GATT 1994 is the principal provision dealing with state trading enterprises and their operations.
In India, Central Government notifies certain specified classes of goods that can be imported freely by STEs under FTP Policy.