Government Policy Making and Consultation for Export Promotion in India
In view of the increasingly important and critical role of foreign trade in economic development, a separate Ministry of Commerce has been entrusted with the responsibility of promoting India's interest in international market. The Department of Commerce, in the Ministry of Commerce has been made responsible for the external trade of India and all matters connected with the same.
The main functions of the Ministry are the formulation of international commercial policy, negotiation of trade agreements, formulation of country's export-import policy and their implementation. It has created a network of commercial sections in Indian embassies and high commissions in various countries for export-import trade flows. It has set up an "Exporters Grievances Redressal Cell" to assist exporters in quick redressal of grievances.
Board of Trade : For ensuring a regular consultation, monitoring and review of India's foreign trade policies and operations, Government of India have set up a Board of Trade with representatives from Commerce and other important Ministries, Trade and Industry Associations, and Export Service Organisations. It is an important national platform for a regular dialogue between the Government and the trade and industry. The deliberations in
the Board of Trade provide guidelines to the Government for appropriate policy measures for corrective action.
Cabinet Committee on Exports : "With a view to ensure regular and __________ _________ _______ ________ ____ _________ _______ __________ _______ _________ _________ _____.
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