Commerce Ministry constitutes trade working groups to boost exports

07 Jul '05

4 min read

In pursuance of the meeting of the Board of Trade on 17th June, 2005 which was inaugurated by Shri Kamal Nath, Union Minister of Commerce and Industry and chaired by Shri Kumaramangalam Birla who heads the Board, the Ministry of Commerce & Industry (MCI), have constituted 5 Working Groups and 3 Special Study Groups on specific areas of Indian exports in order to further boost the country's exports so as to reach the target of raising India's share of world trade.

The Working Group on “Evaluation of Different Export Promotion Schemes” will be headed by Shri Rakesh Shah and will have as members: Shri R.L. Toshniwal, Synthetic, Rayon & Textile Export Promotion Council (SRTEPC); Shri D.B. Modi, Pharma Export Promotion Council (Pharmexcil); and Shri M. Rafeeque Ahmed, Council for Leather Exports (CLE).

The terms of reference of this group will be:

(i) Evaluating, the performance and effectiveness of different schemes in meeting the objectives.

(ii) Global best practices in Export Promotion (EP) Schemes followed by developed and developing countries.

(iii) Study of cess, tax, duties and levies paid by the exporter and mechanism for rebate under the existing EP schemes.

(iv) Best possible way to neutralise all such levies.

(v) Use of Agreement on Subsidies and Countervailing Measures (ASCM) as a tool for adding WTO compatible features in the existing schemes.

The Working Group on “Trade Facilitation” will be headed by Shri Omkar S Kanwar, President, Federation of Indian Chamber of Commerce & Industry (FICCI) and will comprise the following:

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