Reconstituted Board of Trade to meet on 6 April
29 March 2016
The reconstituted Board of Trade (BoT) will hold its first meeting on 6 April at Hotel Ashok, New Delhi.
The reconstituted BoT has 19 non-official members from industry and academia, besides 31 heads of trade and industry associations (ex-officio members) and 20 top officials, including 13 secretaries to government of India.
Deputy governor of the Reserve Bank of India (RBI) is the chairman of the BoT while other members include chairman of Railway Board, chairman of National Highways Authority of India, chairman and MD of ECGC, managing director of EXIM Bank, chairman and MD of SBI and managing director of Container Corporation of India.
The BoT will advise the government on trade policy measures for preparation and implementation of short and long term plans for increasing exports in the light of emerging national and international economic scenarios;
Review export performances of various sectors, identify constraints and suggest industry specific measures to optimise export earnings;
Examine existing institutional framework for imports and exports and suggest steps to rationalise those for optimum use; and
Examine issues which are considered relevant for promotion of India's foreign trade and for strengthening international competitiveness of Indian goods and services.
BoT was reconstituted as per the provisions of the Para 300 of Foreign Trade Policy Statement 2015-2020.
The objective of BoT is to have continuous discussion and consultation with trade and industry.