MINISTER OF THE STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)
(a) & (b) Yes, Madam. The Foreign Trade. Policy provides for a Board of Trade under the Chairmanship of
Commerce & Industry Minister for advising Government on relevant issues connected with Foreign Trade. The
Board of Trade includes nominated experts in Trade Policy, Chairmen of recognized Export Promotion Councils,
Presidents/ Secretary Generals of Recognized Chambers of Commerce and relevant Government Officials.
(c) The Terms of reference of Board of Trade are
# To advise the 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 the existing institutional framework for import and exports and suggest practical measures
for further streamlining to achieve the desired objectives;
# To review the policy instruments and procedures for imports and exports and suggest steps to rationalize
and channelise such schemes for optimum use;
# To examine issues which are considered relevant for promotion of Indiaâs foreign trade,
and to strengthen the international competitiveness of Indian goods and services; and
# To commission studies for furtherance of the above objectives;
(d) and (e): No new core group has been formed. Board of Trade is a core group existing
for more than a decade