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Centre, States, Industry to discuss ways to boost export on Jan 10

 In the wake of growing protectionism globally, Centre, State Governments and Industry representatives will meet on January 10 to discuss ways to boost the Country's exports, an official said recently.

The issues would be deliberated upon in the fourth meeting of the Council for Trade Development and Promotion, which will be chaired by the Commerce and Industry Minister Suresh Prabhu.

Trade Ministers from different States including Uttar Pradesh, Punjab, Haryana and Karnataka are expected to attend the meeting, the official added.

Council for Trade Development and Promotion was constituted with effect from 3rd July, 2015, to ensure a continuous dialogue with State Governments and UTs on measures for providing an International trade enabling environment in the States and to create a framework for making the States active partners in boosting India’s exports.

.The meeting assumes significance as States play a proactive role in promoting outbound shipments.

The Commerce Ministry has advised all the States to formulate their export policies and appoint Export Commissioners. The issues which are likely to figure in the meeting include ways to enhance export competitiveness, quality and standards of products.

The council acts as a platform to develop partnership with states with an aim to boost international trade. Besides Commerce Ministers of States and Union Territories, 14 Secretaries of the Central Government, including Commerce, Revenue, Shipping, Civil Aviation, Agriculture, Food Processing and Economic Affairs are the members of the council.

The council also provides a platform to State Governments and UTs for articulating their perspective on trade policy to help them develop and pursue export strategies in line with the National Foreign Trade Policy.

It also provides a platform for deliberation on the need for infrastructure relevant for promoting trade and for identification of impediments and infrastructure gaps which adversely affects India’s export.

Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said issues related to credit and modern infrastructure need to be resolved to push the exports.

Since 2011-12, India's exports have been hovering at around USD 300 billion. During 2017-18, the shipments grew by about 10 per cent to USD 303 billion.

Experts have cautioned that growing trade tensions between the US and China could impact global trade growth. Imposition of high import duties by the US this year on certain steel and aluminium products has triggered a trade war kind of situation.

The World Trade Organisation (WTO) too has stated that escalating trade tensions and tighter credit market conditions in important markets will slow trade growth in 2019.

During April-November 2018-19, the country's exports grew 11.58 per cent to USD 217.52 billion.

 

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