Union Government constitutes National Committee on Trade Facilitation
The Union Government has constituted a National Committee on Trade Facilitation (NCTF) to develop the pan-India road map for trade facilitation.
It has been constituted in line with the World Trade Organisation (WTO’s) Trade Facilitation Agreement (FTA), which India also has ratified.
The NCTF will inter – ministerial body on trade facilitation and will be headed by Pradeep Kumar Sinha, who is the Cabinet Secretary of India.
Terms of References of Committee
- It will be a national level body that will facilitate domestic co-ordination and implementation of TFA provisions.
- It will play lead role in developing the pan-India road map for trade facilitation. It will have three tier structure with main national committee for monitoring implementation of TFA.
- It will synergise the various trade facilitation perspectives across the country and focus on an outreach programme for sensitization of stakeholders about it.
- It will be responsible for identifying the nature of required legislative changes and spearheading the diagnostic tools needed for assessing compliance to TFA.
For more details: Trade Facilitation Agreement (FTA)
Categories: Business, Economy & Banking