The Hindu Business Line : Trade council set up to involve States in export efforts

AN inter-State trade council (ISTC) has been constituted to advise the Central Government on measures that need to be undertaken for providing an international trade-enabling environment in the States.

The council, as an advisory body, would also help create a framework to make the States partners in the country's international trade and export efforts.

An order issued by the Director-General of Foreign Trade (DGFT) said that the ISTC would be chaired by the Commerce and Industry Minister. Besides the Chief Ministers and the administrators of the Union Territories, the ISTC comprises the Chairman of the Railway Board and eight secretaries to the Government of India from various Ministries including Finance, Commerce and Industry, Power, Agriculture, Shipping, External Affairs and Road Transport.

The co-opted members to the ISTC include the Chairman of the Export Credit Guarantee Corporation (ECGC), the Managing Director of the Exim Bank, the Chairman of APEDA, the Chairman of MPEDA and a Deputy Governor of the Reserve Bank of India.

Further, the presidents of the apex chambers and apex export federation — the FICCI, the CII, the Assocham and the FIEO — have also been co-opted as members of the ISTC.

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Trade council set up to involve States in export efforts