New Delhi: The Department of Commerce under the Ministry of Commerce & Industry, Government of India has launched the Indian Trade Portal (indiantradeportal.in). The portal aims at providing information pertaining to Most-Favoured Nation (MFN) and preferential tariffs, rules of origin, technical barriers to trade faced by Indian exporters at single point.
Minister of State for Commerce & Industry, Smt Nirmala Sitharaman inaugurated the user-friendly Indian Trade Portal which has been developed and maintained by the Federation of Indian Export Organisations (FIEO).
Speaking at the inauguration, the Minister expressed satisfaction over the fact that the Indian Trade Portal has been updated to have a wider coverage of information for the Indian business community at large. The Indian Trade Portal will make available important data for use of exporters and importers at one place, in a user friendly manner and this will contribute to ease of doing business for trade and industry.
The Minister urged exporters to make best use of the portal, give continuous feedback for further improvement and additional details that they may need. She said that the Ministry welcomes suggestions and will continue to work for the updation and improvement of the portal. The portal will also facilitate exports and will help Indian exporters to utilise the Free Trade Agreements (FTAs).
The Government of India has been taking various steps towards boosting its trade with the rest of the world by adopting policies and procedures which would help to increase and facilitate both exports and imports with the other countries of the world. To facilitate and thereby increase external trade activities with the rest of the world, the Department of Commerce, Government of India has developed this web portal.
Among other things, the portal gives information about the Bilateral and Preferential Trade Agreement covered with ASEAN, Eurasian Economic Commission (EEC), Gulf Cooperation Council (GCC), MERCOSUR, SAARC and others.
Kerala IT News