diff --git a/cms/djangoapps/contentstore/tests/test_contentstore.py b/cms/djangoapps/contentstore/tests/test_contentstore.py
index 72ae3821cc..adecd392eb 100644
--- a/cms/djangoapps/contentstore/tests/test_contentstore.py
+++ b/cms/djangoapps/contentstore/tests/test_contentstore.py
@@ -10,6 +10,7 @@ import json
 from fs.osfs import OSFS
 import copy
 from mock import Mock
+from json import dumps, loads
 
 from student.models import Registration
 from django.contrib.auth.models import User
@@ -207,6 +208,15 @@ class ContentStoreToyCourseTest(ModuleStoreTestCase):
         # check for custom_tags
         self.verify_content_existence(ms, root_dir, location, 'custom_tags', 'custom_tag_template')
 
+        # check for graiding_policy.json
+        fs = OSFS(root_dir / 'test_export/policies/6.002_Spring_2012')
+        self.assertTrue(fs.exists('grading_policy.json'))
+
+        # compare what's on disk compared to what we have in our course
+        with fs.open('grading_policy.json','r') as grading_policy:
+            on_disk = loads(grading_policy.read())
+            course = ms.get_item(location)
+            self.assertEqual(on_disk, course.definition['data']['grading_policy'])
 
         # remove old course
         delete_course(ms, cs, location)
diff --git a/common/lib/xmodule/xmodule/modulestore/xml_exporter.py b/common/lib/xmodule/xmodule/modulestore/xml_exporter.py
index bdbd5a6133..509a2c7db9 100644
--- a/common/lib/xmodule/xmodule/modulestore/xml_exporter.py
+++ b/common/lib/xmodule/xmodule/modulestore/xml_exporter.py
@@ -2,6 +2,7 @@ import logging
 from xmodule.modulestore import Location
 from xmodule.modulestore.django import modulestore
 from fs.osfs import OSFS
+from json import dumps
 
 
 def export_to_xml(modulestore, contentstore, course_location, root_dir, course_dir):
@@ -27,6 +28,12 @@ def export_to_xml(modulestore, contentstore, course_location, root_dir, course_d
   # export the course updates
   export_extra_content(export_fs, modulestore, course_location, 'course_info', 'info', '.html')
 
+  # export the grading policy
+  policies_dir = export_fs.makeopendir('policies')
+  course_run_policy_dir = policies_dir.makeopendir(course.location.name)
+  with course_run_policy_dir.open('grading_policy.json', 'w') as grading_policy:
+    grading_policy.write(dumps(course.definition['data']['grading_policy']))
+
 
 def export_extra_content(export_fs, modulestore, course_location, category_type, dirname, file_suffix=''):
   query_loc = Location('i4x', course_location.org, course_location.course, category_type, None)