FTP - Board of Trade
PARA 300 of Foreign Trade Policy Statement 2015-2020, states:
300. Two mechanisms are being put in place for regular communication with stakeholders. The first of these is a Board of Trade which will have an advisory role and offer a platform for discussion and consultation. The Board of Trade will be constituted once the policy comes into force.
The objective is to have continuous discussion and consultation with trade and industry. The Board of Trade would, inter-alia, advise the Government on policy measures related to Foreign Trade Policy in order to achieve the objective of boosting India's trade.
The BOT shall have the following terms of references:
(i) To advise 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 scenarios;
(ii) To review export performance of various sectors, identify constraints and suggest industry specific measures to optimize export earnings;
(iii) To examine existing institutional framework for imports and exports and suggest practical measures for further streamlining to achieve desired objectives;
(iv) To review policy instruments and procedure for imports and exports and suggest steps to rationalize those for optimum use; and
(v) To examine issues which are considered relevant for promotion of India's foreign trade and for strengthening international competitiveness of Indian goods and services.
In order to give appropriate representation to MSME sector, Government has decided to include the name of President, Laghu Udyog Bharti, New Delhi as Ex-officio member of BoT.
DGFT Trade Notice No. 12/2015-20., Dated: August 01 2016