Board of Trade meeting tomorrow, to find out ways to boost exports, foreign trade policy

New Delhi: Union Minister Piyush Goyal will chair a meeting of Board of Trade (BOT) on Wednesday, via video conference, to discuss ways to scale up domestic manufacturing and exports.

According to an official release, the discussions in the meeting will focus on the new foreign trade policy (2021-26) and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.

The BOT platform provides an opportunity to have regular discussion and consultation with trade and industry and advise the Government on policy measures related to FTP in order to achieve the objective of boosting India’s trade.

It also provides a platform to state governments and Union Territories (UTs) to articulate their perspective on trade policy, and also to the Centre for apprising them about international developments affecting India’s trade potential and opportunities and to prepare them to deal with the evolving situation, the release read.

The meeting will be addressed by Ministers of State for Commerce and Industry Som Parkash, and Hardeep Singh Puri. The BOT consists of secretaries of many departments of the Government of India, CEO, Niti Aayog, heads of various government bodies, representatives of apex industry associations, and Export Promotion Councils.

The BOT will take an overview of the export/import performance, investment promotion strategy for AtmaNirbhar Bharat, including public procurement – Make in India, trade remedies recent measures and steps taken for new logistics policy.