i) Enhanced Interaction:
Interaction with important
trading partners will be enhanced to act as a catalyst for the private sector to
explore and tap full potential of the CIS region. The Government shall have
increased frequency of interaction at the highest level with important trading
partners. Bilateral trade and economic cooperation between India and these
countries is regularly reviewed through the bilateral Joint Commissions/Working
Groups and Joint Business Councils.
ii)
Institutional Mechanisms:
a) Joint Commission Meetings:
Institutional arrangements in
the form of Joint Commission / Working Group already exist with Russian
Federation, Ukraine, Belarus, Uzbekistan, Kazakhstan, Kyrgyzstan, Armenia,
Tajikistan, Turkmenistan. These institutional mechanisms have been activated.
Bilateral Agreement for establishing an Inter-Governmental Commission with
Azerbaijan was signed. Steps will also be taken for formation of Joint
Commission with other countries of the CIS region, where the same have not yet
been instituted.
b)
Joint Business Councils:
FICCI plans to have increased
interaction with its counterparts and hold meetings of the Joint Business
Councils (JBCs) at regular intervals. Similarly CII/PHD Chamber of Commerce
& Industry/FIEO also propose to have regular interaction with their
counterparts in CIS region with whom they have
signed MoUs. Simultaneously, seminars and conferences are proposed to be
organized within the country for creating awareness on emerging markets in the
CIS region.
c)
Trade Missions/Delegations:
Trade/Economic Missions result
in creating necessary awareness in the region regarding India's economic
reforms, strength of Indian Industry and its export capabilities. These also
provide impetus for businessmen to explore new markets. High-level trade
missions shall be mounted to the CIS region.
d)
Roles Identified for some Important Government Organisations:
India Trade Promotion
Organisation (ITPO)
The India Trade Promotion
Organisation (ITPO) shall undertake various trade promotion measures, which
would include :
o
Participation in specialized and commodity specific fairs & exhibitions in
the countries of the CIS region.
o Special promotion and
publicity in the CIS countries.
o India Promotion in
departmental Stores in respect of consumer products.
o Organising Buyer-Seller Meets
o Promotion by Indian Mission
by organizing catalogue/brochure exhibitions.
o To award top export
performers to the CIS countries.
National Centre for Trade Information (NCTI)
o
Jointly promoted by India Trade Promotion Organization (ITPO) and National
Informatics Centre (NIC), NCTI is involved in assimilation and dissemination of
useful trade information.
o
NCTI provides contact details of product wise specific buyers through the World
Trade Point Federation Network (www. ncti-india.com) initiated under the Trade
Efficiency programme of UNCTAD. Currently there are more than 100 Trade Points
across the globe two of which are located in Russia and one in Uzbekistan.
o
NCTI also has access to the requisite data base and expertise to provide trade
data analysis helpful in country & product specific strategy formulation.
o
NCTI has signed an MoU with National Centre for Marketing & Price Study,
Ministry of Foreign Affairs of the Republic of Belarus for exchange of trade
related information.
Trade
