Chapter 1C Board of Trade and Terms of Reference. Chapter-1C : Board of Trade Board of Trade (BOT) 1C.1 Terms of Reference 1C.2 Composition 1C.3 Board of Trade (BOT) 1C.1 BOT has a clear and dynamic role in advising government on relevant issues connected with Foreign Trade. Terms of Reference 1C.2 BOT has following terms of reference: 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; To review export performance of various sectors, identify constraints and suggest industry specific measures to optimize export earnings; To examine existing institutional framework for imports and exports and suggest practical measures for further streamlining to achieve desired objectives; To review policy instruments and procedures for imports and exports and suggest steps to rationalize and channelize such schemes for optimum use; To examine issues which are considered relevant for promotion of India’s foreign trade, and to strengthen international competitiveness of Indian goods and services; and To commission studies for furtherance of above objectives. Composition 1C.3 Commerce & Industry Minister will be the Chairman of the Board of Trade (BOT). Government shall also nominate upto 25 persons, of whom at least 1 0 will be experts in trade policy. In addition, Chairmen of recognized EPCs and President or Secretary-Generals of National Chambers of Commerce will be ex-officio members. BOT will meet at least once every quarter.
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