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(i)
Board of Trade (BOT)
The Board of Trade
was set up on 5th May, 1989 with a view to provide
an effective mechanism to maintain continuous
dialogue with trade and industry in respect of major
developments in the field of International Trade.
The Board was reconstituted on 16th July, 2009 under
the Chairmanship of Commerce & Industry Minister
vide order No.01/94/180/438/AM05/BOT/PC-V. The
Board, inter-alia, advises the Government on policy
measures connected with the Foreign Trade Policy in
order to achieve the objectives of boosting India’s
exports .
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Terms of reference of the
Board of Trade
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To advise the Government on Policy measures
for preparation and implementation of both
short & long term plans for increasing
exports in the light of emerging national
and international economic scenario;
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To review export performance of various
sectors, identify constraints and suggest
industry specific measures to optimize
export earnings;
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To examine the existing institutional
framework for imports and exports and
suggest practical measures for further
streamlining to achieve the desired
objectives; and
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To review the policy instruments and
procedures for imports and exports and
suggest steps to rationalize and channelize
such schemes for optimum use.
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(ii)
Inter State Trade Council
The Inter State
Trade Council was set up on 24th June, 2005 with a
view to serve as a mechanism for institutionalized
dialogue between the Union and the States in matters
relating to trade facilitation and to create a
framework for making States partners in India’s
export effort. 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, 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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