Executive Summary:
This notification announces the merger of the Council for Trade Development and Promotion (CTDP) with the Board of Trade (BOT) to enhance coherence in the consultation process regarding trade policies. The new forum will retain the name Board of Trade (BOT). It outlines the composition and terms of reference for the newly structured Board of Trade. The notification was issued on July 17, 2019.
Key Points / Main Content:
Board of Trade (BOT) Restructuring:
* The Council for Trade Development and Promotion (CTDP) is merged with the Board of Trade (BOT).
* The new entity will continue to be known as the Board of Trade (BOT).
Composition of the Board of Trade:
* Chairperson: Union Commerce and Industry Minister.
* Members:
* Ministers of State for Commerce and Industries, Government of India.
* Ministers in charge of Trade and Commerce in States and Union Territories.
* Secretaries to the Government of India from various departments (Commerce, Revenue, Finance, etc.).
* Representatives from organizations like NITI Aayog, RBI, CBIC, NHAI, ECGC, EXIM Bank, and others.
* Presidents/Chairmen of CII, FICCI, FIEO, ASSOCHAM, NASSCOM, GJEPC, and other apex chambers and EPCs.
* Non-official Members: To be notified separately.
* Member Secretary: Director General of Foreign Trade (DGFT).
Terms of Reference for the Board of Trade:
* Provide a platform for States and UTs to express perspectives on trade policy.
* Inform States and UTs about international developments affecting India's trade.
* Assist States in developing export strategies aligned with the national Foreign Trade Policy.
* Provide a forum to discuss infrastructure needs for promoting trade and identifying impediments.
* Facilitate discussions on the operationalization of trade infrastructure.
* Advise the Government on policy measures for short and long-term economic plans.
* Review export performance, identify constraints, and suggest industry-specific measures.
* Examine the existing institutional framework for imports and exports and suggest improvements.
* Review policy instruments and procedures for imports and exports and suggest rationalization.
* Examine issues relevant to promoting India's foreign trade and strengthening international competitiveness.
Impact Analysis:
State Governments and Union Territories:
* Impact: Required to articulate their perspectives on trade policy and stay informed about international trade developments. They will also be involved in developing export strategies.
* Action Required: Actively participate in the Board of Trade meetings and contribute to policy discussions.
Government of India (Various Ministries and Departments):
* Impact: Need to consider the Board's recommendations on policy measures, infrastructure development, and export promotion strategies.
* Action Required: Implement relevant policy changes and provide necessary support to promote trade and address identified impediments.
Trade and Industry Representatives (CII, FICCI, FIEO, ASSOCHAM, etc.):
* Impact: Opportunity to provide input on trade policies, identify constraints, and suggest measures to optimize export earnings and enhance international competitiveness.
* Action Required: Engage with the Board of Trade, share insights, and contribute to the development of effective trade strategies.
Key Entities Referenced
Council for Trade Development and Promotion (CTDP): A council constituted to ensure regular dialogue with State Governments and Union Territories (UTs) on measures for providing an International trade enabling environment and to boost India's exports.
Board of Trade (BOT): A forum for discussion and consultation with trade and industry to advise the Government on policy measures related to Foreign Trade Policy.
Foreign Trade Policy: A set of guidelines and regulations established by the government to govern and promote international trade activities.
NITI Aayog: National Institution for Transforming India, a policy think tank of the Government of India.
Reserve Bank of India (RBI): The central bank of India.
Central Board of Indirect Taxes and Customs (CBIC): A government agency responsible for the formulation and implementation of policies concerning indirect taxes and customs duties in India.
Export Credit Guarantee Corporation of India (ECGC): An export promotion organisation seeking to improve the competitiveness of exporters by providing them with credit insurance covers.
Alok Vardhan Chaturvedi: Director General of Foreign Trade and Ex-officio Additional Secretary.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 17th July, 2019
No. 11/2015-20
S.O. 2571(E).—The Council for Trade Development and Promotion (CTDP) was constituted vide S.O. 1798(E)
dated 3rd July, 2015 to ensure regular 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 Board of Trade has been in existence for quite some time and was reconstituted vide Trade
Notice 21/2015-20 dated 23 March, 2016. The objective of BOT is to have regular discussion and consultation with trade
and industry and advise the Government on Policy measures related to Foreign Trade Policy in order to achieve the
objective of boosting India’s trade.
2. To bring about greater coherence in consultation process, it has been decided to merge the Council for Trade
Development and Promotion (CTDP) with the Board of Trade (BOT)and the new forum will remain as Board of Trade
(BOT) and its composition and Terms of Reference (TOR) will be as under:
Composition of Board of Trade:-
1. Union Commerce and Industry Minister Chairperson
2. Minister/s of State for Commerce & Industries, GoI and Members
Minister in-charge of Trade and Commerce in States and UTs
3. Secretaries to Government of India: Official Members
Commerce, Revenue, Financial Services, External Affairs, Railways(Chairman
Railway Board), Shipping, Road Transport & Highways, Civil Aviation,
Promotion of Industry & Internal Trade, Agriculture & Cooperation, Health &
Family Welfare, Chemical & Petrochemical, Posts, Animal Husbandry, Food
Processing, Information Technology, Economic Affairs, MSME, Textiles,
Environment & Forests, Defence Production and Fisheries.
&
CEO, NITI Aayog, Deputy Governor RBI, Chairman, CBIC, Chairman NHAI,
CMD ECGC, MD EXIM Bank, MD, Container Corporation of India,
Chairperson/President, MPEDA, FSSAI, APEDA, Coffee Board, Tea Board,
Spice Board, Rubber Board, Head -Centre for WTO Studies, Director RIS,4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
4. President/Chairman, CII, FICCI, FIEO, ASSOCHAM, NASSCOM, GJEPC, Ex-officio Members
AEPC, SRTPC, EPCH, CLE, EEPC, CHEMEXCIL, PHARMEXCIL, EPC for from Apex Chambers
EOUs & SEZs, SEPC, President, The Seafood Exporters Association of India, and EPCs
Indian Association of Tour Operators, SAARC Chairman of Commerce &
Industry, President Brihan Mumbai Customs House Agents Association,
Federation of Freight Forwarders’ Associations of India, Federation of Indian
Micro, Small and Medium Enterprises, Federation of Indian Women
Enterprises, Indian Oilseeds and Producer Export Promotion Council, Laghu
Udyog Bharti, CEO, Express Industry Council of India.
5. To be notified separately Non-official
Members
6 DGFT Member Secretary
Chairman can co-opt any other official or expert, if required
3. The Terms of Reference for the Board of Trade (BoT) would be as follows:
i. To provide a platform to State Governments and UTs for articulating their perspectives on trade policy;
ii. To provide a platform to Government of India for apprising State Governments and UTs about international
developments affecting India’s trade potential and opportunities and to prepare them to deal with evolving
situation;
iii. To help State Governments develop and pursue export strategies in line with national Foreign Trade Policy;
iv. To provide a platform for deliberation on the need for infrastructure relevant for promoting trade and for
identification of impediments and infrastructure gaps which adversely affect India’s exports;
v. To facilitate a mechanism for discussion on operationalization of trade infrastructure.
vi. To advise Government of Policy measures for preparation and implementation of both short and long term plans
for increasing economic scenarios;
vii. To review export performance of various sectors, identify constraints and suggest industry specific measures to
optimize export earnings;
viii. To examine existing institutional framework for imports and exports and suggest practical measures for further
streamlining to achieve desires objectives;
ix. To review policy instruments and procedure for imports and exports and suggest steps to rationalize use; and
x. To examine issues which are considered relevant for promotion of India’s foreign trade and for strengthening
international competitiveness of Indian goods and services.
[F. No. 01/36/218/16/AM18/TC(Part II]
ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade
& Ex-officio Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.