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    Establishing India’s National Trade Facilitation Committee- A Proposal

    Taneja, Nisha; Prakash, Shravani; Bimal, Samridhi | May 2016
    Abstract
    Trade and transport facilitation are vital for increasing countries’ international trade and it is important to ensure that the measures implemented to facilitate trade are effective. One of the crucial factors behind the successful implementation of trade and transport facilitation is ensuring effective co-ordination among the various government agencies as well as private players involved in trading goods. The disjointed activities of the large number of players involved in cross-border trade can be effectively coordinated at a centralized level by a national level trade facilitation body. The current paper assesses various nuances of national trade facilitation bodies; with the aim of prescribing a way forward for establishing such a body in India. Guidelines for India’s NTFC have been drawn from recommended guidelines by UN agencies as well as by using lessons from case studies of existing NTFCs. It is recommended that the body be a joint ‘Trade and Transport Facilitation Committee’. This committee could have both regulatory and advisory functions, and be empowered to implement facilitation measures. The chairmanship could be shared between the Ministry of Commerce and the customs department. The members should comprise representatives of all public and private sector organizations involved in trade and transport. Other factors shown to drive the success of NTFCs that should also be incorporated, include linking the committee’s work program to government and business priorities, creating an effective review mechanism, ensuring adequate funding, making the terms of reference flexible and giving the committee legal status.
    Citation
    Taneja, Nisha; Prakash, Shravani; Bimal, Samridhi. 2016. Establishing India’s National Trade Facilitation Committee- A Proposal. © Indian Council for Research on International Economic Relations. http://hdl.handle.net/11540/9108.
    Keywords
    Transport
    Transportation
    Trade
    Trade Facilitation
    Trade Potential
    Trade Development
    Trade Agreements
    Regional Trade Integration
    Regional Trade
    Finance And Trade
    Demand For Transport
    Road & Highway Transport
    Road Transportation Systems
    Transport Infrastructure
    Transport time
    Economic integration
    Energy
    Import volume
    Export volume
    Access to markets
    Economic agreements
    Trade financing
    Regional integration
    Vehicle
    Land transport
    Transport economics
    Railways
    Infrastructure
    Railroads
    Roads
    Trade routes
    Markets
    Economic goods
    Economic conditions
    New agricultural enterprises
    Consumer goods
    Road transportation
    Trucking
    Railroads
    Roads
    Trade routes
    Trade flow
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9108
    Metadata
    Show full item record
    Thumbnail
    Working_Paper_317.pdf (916.3Kb)
    Author
    Taneja, Nisha
    Prakash, Shravani
    Bimal, Samridhi
    Theme
    Transport
    Trade

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise