Board of Trade meeting to be held on 2nd December, 2020;

Meeting to focus on new Foreign Trade Policy and the strategies and measures to be taken in order to take forward domestic manufacturing and exports

A meeting of the Board of Trade (BOT)will be held on Wednesday, 2^nd December, 2020 under the chairmanship of the Commerce and Industry Minister Shri Piyush Goyal, through Video Conference.

The discussions in the meeting will focus on the new Foreign Trade Policy (FTP) (2021-26) and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.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 UTs to articulate their perspective on trade policy, and also to the Government of India for apprising them about international developments affecting India’s trade potential and opportunities and to prepare them to deal with the evolving situation.

The meeting will be addressed by Ministers of State for Commerce and Industry Shri Som Parkash, and Sh Hardeep Singh Puri. 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 are members of the BOT.

Board of Trade 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, New Logistics Policy, Trade Facilitation Measures Undertaken by Customs, Reforms and Initiatives since last BOT, GeM – Coverage and Expansion, and consider various suggestions regarding the Foreign trade Policy.

Foreign Trade Policy review to guide measures boosting domestic manufacturing and exports through stakeholder consultation and trade facilitation. The Board of Trade will meet to provide consultative guidance on the Foreign Trade Policy and to coordinate measures to promote domestic manufacturing and exports. The Board's role is to bring together central and state representatives, industry associations and export councils to review export/import performance and to consider investment-promotion strategies, trade remedies, a New Logistics Policy, customs trade facilitation, reforms since the prior meeting, GeM expansion, and stakeholder suggestions for the new trade policy.