11th to 21st January 2024 - Union Commerce and Industry Minister Sh. Piyush Goyal announces commencement of work on Trade Connect ePlatform Flashcards

1
Q

What major announcement was made by Union Commerce and Industry Minister Sh. Piyush Goyal?

A

Sh. Piyush Goyal announced the commencement of work on the Trade Connect ePlatform, a platform designed to support Indian exporters and entrepreneurs.

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2
Q

What was the central focus of the 2nd meeting of the reconstituted Board of Trade?

A

The meeting focused on :

Reviewing India’s export performance.
Discussing strategies to achieve the $2 trillion export target by 2030
Examining priorities of the new Foreign Trade Policy (FTP) 2023.

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3
Q

What is the purpose of the Trade Connect ePlatform?

A

The Trade Connect ePlatform aims to:

Connect Indian exporters with international trade stakeholders for information and support.
Provide information on market regulations, sectors, and export trends.
Facilitate access to benefits under Free Trade Agreements (FTAs).
Offer access to sector-specific events for exporters.
Provide a way for exporters to address trade-related queries to government officials and expert advisors.

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4
Q

Who are the key stakeholders involved in the Board of Trade meetings?

A

The Ministry of Commerce and Industry (chairs the meetings)
29 non-official members (experts from various industries and sectors)

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