ETV Bharat / business

Officials, industry, exporters to discuss ways to raise exports, cut imports today

"Discussions will be held on various issues relating to the promotion of exports and domestic manufacturing and reduction in imports. Issues related to improvement in logistics, agricultural export will also be discussed," the ministry said in a statement.

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Published : Jun 6, 2019, 6:00 AM IST

New Delhi: Issues like promotion of exports and reduction in imports would figure during a meeting of senior government officials, industry representatives and exporters on June 6, the commerce ministry said on Tuesday.

Commerce and Industry Minister Piyush Goyal will chair the joint meeting of the Board of Trade and the Council of Trade Development and Promotion here.

"Discussions will be held on various issues relating to the promotion of exports and domestic manufacturing and reduction in imports. Issues related to improvement in logistics, agricultural export will also be discussed," the ministry said in a statement.

Secretaries of departments of commerce, revenue, shipping, road transport and highways, civil aviation among others will be participating in the meeting along with representatives of export promotion councils and industry.

Read more:Most consumers willing to pay more for sustainable products: Survey

The Board of Trade advises the ministry on policy measures connected with the foreign trade policy in order to achieve the objectives of boosting India's trade.

The Council for Trade Development and Promotion ensures the continuous dialogue with state governments and Union Territories (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 export.

The country's exports grew by 9 per cent to USD 331 billion in 2018-19. Imports,too, recorded the same rate of growth at USD 507.44 billion, leaving a trade deficit of USD 176.42 billion in that fiscal.

New Delhi: Issues like promotion of exports and reduction in imports would figure during a meeting of senior government officials, industry representatives and exporters on June 6, the commerce ministry said on Tuesday.

Commerce and Industry Minister Piyush Goyal will chair the joint meeting of the Board of Trade and the Council of Trade Development and Promotion here.

"Discussions will be held on various issues relating to the promotion of exports and domestic manufacturing and reduction in imports. Issues related to improvement in logistics, agricultural export will also be discussed," the ministry said in a statement.

Secretaries of departments of commerce, revenue, shipping, road transport and highways, civil aviation among others will be participating in the meeting along with representatives of export promotion councils and industry.

Read more:Most consumers willing to pay more for sustainable products: Survey

The Board of Trade advises the ministry on policy measures connected with the foreign trade policy in order to achieve the objectives of boosting India's trade.

The Council for Trade Development and Promotion ensures the continuous dialogue with state governments and Union Territories (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 export.

The country's exports grew by 9 per cent to USD 331 billion in 2018-19. Imports,too, recorded the same rate of growth at USD 507.44 billion, leaving a trade deficit of USD 176.42 billion in that fiscal.

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BIZ-EXPORTS
Address infra bottlenecks to increase export competitiveness: FIEO to new govt
          New Delhi, May 31 (PTI) Exporters body FIEO Friday said the new government has to address issues related to infrastructure bottlenecks for enhancing competitiveness of India's exports.
          Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said the government has already taken steps like implementation of Goods and Services Tax (GST) and improving business climate to promote trade.
          "In order to further give a boost to the economy, the government has asked the ministries to prepare a list of issues that they will take up in the first 100 days in office, with a focus on efficiency, delivery systems, implementation and resolving of all pending issues urgently," he said in a statement.
          The country's exports grew by 9 per cent to USD 331 billion in 2018-19. However, going forward things are not looking good at trade front on account of rising protectionism and trade war between the US and China.
          The World Trade Organisation (WTO) has said the global trade will continue to face strong headwinds this year and in 2020 after growing slowly-than-expected in 2018 due to rising trade tensions and increased economic uncertainty.
          Meanwhile, Trade Promotion Council of India (TPCI) said the exports from India is facing challenges owing to multiple global geo-political and economic developments.
          "Piyush Goyal's (the new commerce minister) experience and his knowledge of finance will help India tied over the challenges in seamless manner," TPCI Chairman Mohit Singa said. PTI RR
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