100-day plan: Commerce Division to determine export limitations, launch `Commerce Join e-Platform’

The Commerce Division has sought inputs from export our bodies on commerce limitations and non tariff measures they face in numerous international locations to include methods to fight such limitations within the 100-day motion plan to be introduced to the brand new authorities that takes over after the overall elections.

The ‘Commerce Join e-Platform’, which seeks to supply info to new and aspiring exporters on the identification of merchandise for export, non-tariff limitations, up to date tariff schedule of things, relevant customs obligation and advantages below India’s FTAs, will even be launched as a part of the 100-day motion plan, a supply monitoring the matter advised businessline.

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“The 100-day motion plan will comprise varied measures to spice up exports to maneuver in direction of attaining the $2 trillion purpose for 2030. Launch of the Commerce Join ePlatform can be a step within the path. Addressing non tariff limitations can be more likely to be a part of the plan as they hinder export progress in markets the place tariffs are already low,” the supply stated.

Prime Minister Narendra Modi, at a Cupboard assembly earlier this month, requested Ministers to draft a roadmap for the primary 100 days of the brand new authorities and one other one for the subsequent 5 years of the federal government.

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UK-Oman FTA

“A lot of the export our bodies have already given their inputs to the Commerce Division on non-tariff measures and different commerce limitations for his or her explicit sectors in varied international locations. The inputs at the moment are being collated,” the supply stated.

The 100-day motion plan can be more likely to embrace the Commerce Division’s intention to seal Free Commerce Agreements with the UK and Oman. “Because the FTA with Oman has been virtually totally negotiated and goes by way of authorized vetting and the one with the UK has only a handful of points to be sorted out, these will most likely be included within the 100-day plan,” the supply stated.

On the Commerce Join e-Platform, the supply identified that it was virtually prepared however can be launched as a part of the 100-day motion plan. The e-Platform will act as a one-stop-shop for exporters and importers to attach with current portals.

Within the April-February 2023-24 interval, India’s items exports contracted 3.5 per cent to $394.99 billion as continued slowdown in Western economies and geopolitical stress affected demand.