CHAPTER 1C
BOARD OF TRADE
1C.1
Board of Trade (BOT) |
BOT has a clear and dynamic role in advising government on relevant
issues connected with Foreign Trade. |
| 1C.2 |
BOT has following terms of reference: |
| Terms of Reference |
(i) 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; |
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(ii) To review export performance of various sectors, identify constraints
and suggest industry specific measures to optimize export earnings; |
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(iii) To examine existing institutional framework for imports and exports
and suggest practical measures for further streamlining to achieve desired
objectives; |
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(iv) To review policy instruments and procedures for imports and exports
and suggest steps to rationalize and channelize such schemes for optimum
use; |
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(v) 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 |
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(vi) To commission studies for furtherance of above objectives. |
| 1C.3 Composition |
Commerce & Industry Minister will be the Chairman of the Board of Trade
(BOT). Government shall also nominate upto 25 persons, of whom at least
10 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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