KAMAL NATH TO WRITE TO ALL CHIEF MINISTERS FOR EXEMPTION OF EXPORTS FROM STATE
Date : 02 Sep 2004
Location : New Delhi
In order to enable the country’s exports achieving the target of 1.5% of the global trade by the year 2009, Shri Kamal Nath, Union Minister of Commerce & Industry, has indicated that he would write to all Chief Ministers regarding the exemption of exports from different State levies. While speaking at the Interactive Session on Foreign Trade Policy organised by the Associated Chamber of Commerce & Industry (ASSOCHAM), here today, Shri Kamal Nath said that the exemption by States would lead to incremental economic activity that would increase the growth momentum. Shri M.K. Sanghi, President, ASSOCHAM; Shri G.H. Singhania, Chairman, ASSOCHAM International Trade Committee and Mr. Anil Agarwal, Alternate President, ASSOCHAM were present at the meeting along with foreign diplomats from various countries, senior officials and representatives of trade and industry.
Shri Kamal Nath said that for India to achieve the target of 1.5% of global trade, there has to be a partnership between the government and private sector. The trading pattern has changed over the last few years and we have to leverage our trade so as to marry our strength with other countries, he said. It is also important to harmonise the country’s regional trade agreements within the multilateral trading system. The trade and industry must have a level-playing-field for which the inverted duty structure must be corrected, he added.
Shri Sanghi welcomed the sector-specific initiatives announced in the Foreign Trade Policy (FTP) and highlighted the importance of greater participation of States in the cause of exports. Shri Singhania said that there has to be close monitoring of implementation of the policies for the success of FTP.