India’s Board of Trade (BoT) is scheduled to meet on July 3 to review ways to accelerate export growth. The meeting is chaired by Commerce and Industry Minister Piyush Goyal, according to reports. Officials say the agenda focuses on improving the use of recent trade agreements and addressing factors that affect competitiveness, including logistics costs. The BoT includes participation from representatives of multiple states and Union territories, along with senior officials from the public and private sectors. Export promotion councils and other participants are expected to present views on the export sector during the discussions.
One report says the meeting is linked to India’s objective of reaching $2 trillion in exports, with proposals aimed at strengthening implementation of free trade agreements (FTAs). Since 2021, India has implemented FTAs with Mauritius, Australia, the UAE, Oman, and the European EFTA bloc, and it has signed a pact with the UK that is expected to come into force on July 15. Additional FTAs, including one with the 27-nation EU, are also under negotiation, with expectations for signing by the end of the year.
