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Govt plans new trade body to push exports

January 14, 2023
Source: livemint.com livemint.com
News Snapshot:
The commerce ministry has proposed creating a unified body to strategize and coordinate trade promotion efforts, as the global economy appears headed for a deep slump because of the continuing conflict in Ukraine and China’s struggles with covid-19. The proposed organization aims to boost collaboration among various export promotion entities, with a focus on expanding into non-traditional markets such as Latin America and Africa to drive trade growth, government officials aware of the development said, requesting anonymity. “Currently, export promotion activities are done by various ministries, councils and state governments. CII has been requesting a national export mission, and one...
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