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(i)
Board of Trade (BOT)
The Board of Trade was set up on
5th May, 1989 with a view to providing an effective
mechanism to maintain continuous dialogue with trade
and industry in respect of major developments in the
field of International Trade. The Board is currently
headed by Dr. Kumar Mangalam Birla, and has 39
members. Its role is to, inter-alia, advise the
Government on measures connected with the Foreign
Trade Policy and how to achieve the desired
objective of boosting India’s exports. The terms
of reference of the Board are -
- To advise the Government on Policy measures
for preparation and implementation of both
short and long term plans for increasing
exports in the light of emerging national and
international economic scenario;
- To review export performance of various
sectors, identify constraints and suggest
industry specific measures to optimize export
earnings;
- To examine the existing institutional
framework for imports and exports and suggest
practical measures for further streamlining to
achieve the desired objectives;
- To review the policy instruments and
procedures for imports and exports and suggest
steps to rationalize and channelise such
schemes for optimum use;
- To examine issues which are considered
relevant for promotion of India’s foreign
trade, and to strengthen the international
competitiveness of Indian goods and services;
and
- To commission studies for furtherance of the
above objectives.
The Board is required to meet at
least once every quarter and make recommendations to
Government on issues pertaining to its terms of
reference. The Board has the power to set up
sub-committees and to co-opt experts to these and to
make recommendations on specific sectors and
objectives.
(ii)
Export Promotion Board (EPB)
The Export Promotion Board
functions under the Chairmanship of the Cabinet
Secretary to provide policy and infrastructural
support through greater coordination amongst
concerned Ministries for boosting exports. All
Ministries directly connected with facilitating
foreign trade are represented on the Board by their
Secretaries. This, inter-alia, includes Secretaries
of Department of Commerce; Ministry of Finance;
Department of Revenue; Department of Industrial
Policy & Promotion; Ministry of Textiles;
Department of Agriculture & Cooperation;
Ministry of Civil Aviation and Ministry of Surface
Transport.
(iii)
Inter State Trade Council
The Inter State Trade Council was
set up on 24th June, 2005 with a view to ensure a
continuous dialogue with State Governments and Union
Territories which, inter-alia, advises the
Government on measures for providing a healthy
environment for international trade in the States
with a view to boost India’s exports. The Council
is represented by Chief Ministers of the States or
State Cabinet Ministers nominated by Chief
Ministers, Lt. Governors or Administrators of the
Union Territories or their nominees, Secretaries of
the Departments of Commerce, Revenue, Industrial
Policy & Promotion, Agriculture &
Cooperation, Shipping, Road Transport &
Highways, Ministries of External Affairs and Power
and Chairman, Railway Board. It also co-opts the
Chairman-cum-Managing Director of Export Credit
Guarantee Corporation, Managing Director of EXIM
Bank, Deputy Governor of Reserve Bank of India,
Chairman of Agricultural and Processed Food Products
Export Development Authority, Chairman of Marine
Products Export Development Authority and Presidents
of CII, FICCI, FIEO, ASSOCHAM and Export Promotion
Council for EOUs/SEZs.
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