| Board of Trade |
1C.1 |
The Board of Trade shall be revamped
and given a clear and dynamic role in advising government on relevant
issues connected with Foreign Trade Policy. There would be a process
of continuous interaction between the Board of Trade and Government
in order to achieve the desired objective of boosting India's exports. |
| Terms of Reference |
1C.2 |
The Board of Trade would have the following terms
of reference: |
| |
|
| I |
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 scenarios; |
| II |
To review export performance of various sectors,
identify constraints and suggest industry specific measures
to optimize export earnings; |
| III |
To examine the existing institutional framework
for imports & exports and suggest practical measures for
further streamlining to achieve the desired objectives;
|
| IV |
To review the policy instruments and procedures
for imports & exports and suggest steps to rationalize and
channelise such schemes for optimum use; |
| V |
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.
|
| VI |
To commission studies for furtherance of the
above objectives. |
|
| Composition |
1C.3 |
Government shall nominate an eminent
person or expert on trade policy to be President of the Board of Trade.
Government shall also nominate 25 persons, of whom at least 10 will
be experts in trade policy. In addition, Chairmen of recognized Export
Promotion Councils and President or Secretary-Generals of National
Chambers of Commerce will be ex-officio members. |
| Meetings |
1C.4 |
The Board will meet at least once every
quarter and make recommendations to Government on issues pertaining
to its terms of reference. |
| Sub- committee |
1C.5 |
The Board of Trade will have the power to set up sub-committees
and to co-opt experts to these, to make recommendations on specific
sectors and objectives. |
| Secretariat and Budget Head |
1C.6 |
The Board of Trade will have a Secretariat and Budget
Head and shall be serviced by the Department of Commerce. |
