The Board of Trade (BOT) was reconstituted on 16.07.2009 under the Chairmanship of Commerce & Industry Minister vide order No.01/94/180/438/AM05/BOT/PC-V dated 16.07.2009. The Board of Trade, inter alia, advises the Government on policy measures connected with the Foreign Trade Policy in order to achieve the objectives of boosting India’s trade. The Sixth meeting of the reconstituted Board of Trade was held on 27.08.2013 to discuss the following issues:
Commerce, Industry and Textile Minister during the meeting has informed that India has achieved the export target of US$ 306 billion for 2012-2013 which is heartening and assured that the Government will continue with its work program me towards facilitating exports and reduce the transaction cost.
The Inter-State Trade Council has been set up to serve as mechanism for institutionalized dialogue between the Union and the State/ UT in matter relating to trade facilitation and to create a framework for making States partners in India’ export effort.
Council for Trade Development and Promotion has been constituted with effect from 3rd July, 2015, to ensure a continuous dialogue with State Governments and UTs on measures for providing an International trade enabling environment in the States and to create a framework for making the States active partners in boosting India’s exports. The Term of References for Council for Trade Development and Promotion would be as follows:
i. To provide a platform to State Governments and UTs for articulating their perspectives on trade policy;
ii. To provide a platform to Government of India for apprising State Governments and UTs about international development affecting India’s trade potential and opportunities and to prepare them to deal with evolving situation;
iii. To help State Governments develop and pursue export strategies in line with national Foreign Trade Policy;
iv. To provide a platform for deliberation on the need for infrastructure relevant for promoting trade and for identification of impediments and infrastructure gaps which adversely affect India’s export;
v. To facilitate a mechanism for discussion on operationalization of trade infrastructure.
The composition of the Council for Trade Development and Promotion would be as below:
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13 Jan 2017)