ISLAMABAD The announcement of the much-needed New Trade Policy 2010-11 is going to be delayed further due to non-availability of Prime Minister Syed Yousuf Raza Gilani as he is to unveil this annual trade document. According to sources, the Ministry of Commerce is all set to present the new Trade Policy 2010-11, and it has already given a detailed presentation to the Commerce Minister Makhdoom Amin Fahim, however, it is seeking time from the Prime Minister for presentation of the policy. Due to the given problem, the Trade Policy hits snags and now it is expected that it would be unveiled in the first week of next month. According to the sources, the Ministry of Commerce had written a letter to the Prime Minister Secretariat seeking time for presentation on the trade policy, however, no progress has been made yet in this regard. The sources further that now the trade policy would be presented before the federal cabinet for final approval, after its presentation to the Prime Minister. It is relevant to mention here that the government announces trade policy in the second or third week of July every year. According to the sources, former Ministrys officials were busy in Pak-Afghan Transit Trade Agreement (PATTA) negotiations with the Afghan delegation, and this too led to one of the reasons for delaying in the trade policy, the sources added. The negotiations for PATTA continued for three days from July 16 to 18 in Islamabad. The Commerce Ministry is considering setting $21.30 billion export target and $34.35 billion import target in the Trade Policy 2010-11, while the trade deficit for the ongoing fiscal year would be around $13 billion. Number of measures are being proposed in the Trade Policy to encourage exporters who were deprived of announced incentives in the Trade Policy 2009-10, as the Finance Ministry did not provide the earmarked funds for the Strategic Trade Policy Framework (STPF) 2009-12, which were critical to implement the plan in letter and spirit.