Board Of Trade To Meet On July 3; Centre Seeks Inputs To Achieve USD 2 Trillion Export Target

New Delhi, Jun 25 (KNN) The fifth meeting of the reconstituted Board of Trade (BoT) will be held on July 3, 2026, at Vanijya Bhawan in New Delhi under the chairmanship of Union Commerce and Industry Minister Piyush Goyal.
 
Centre Seeks Inputs to Achieve USD 2 Trillion Export Target
 
The Ministry of Commerce and Industry has invited members of the Board to participate in the meeting and provide policy inputs to support the government's efforts towards achieving the target of USD 2 trillion in exports of goods and services.
 
The reconstituted Board of Trade has been formed following the merger of the Council for Trade Development and Promotion (CTDP) with the existing Board of Trade to create a unified platform for consultations between the Centre, states, industry and trade stakeholders on export promotion and trade policy matters.
 
Broad Representation from Government and Industry 
 
The Board is chaired by the Commerce and Industry Minister and includes Ministers in charge of trade and commerce from states and Union Territories and senior officials from the Government of India.
 
It also includes representatives from key institutions such as NITI Aayog, Reserve Bank of India, Central Board of Indirect Taxes and Customs, Export-Import Bank of India, and Export Credit Guarantee Corporation of India.
 
Industry bodies and export promotion councils, including CII, FICCI, FIEO, ASSOCHAM and NASSCOM, are also represented on the Board.
 
Platform for Centre-State Coordination on Trade Policy 
 
According to the notified Terms of Reference, the BoT will serve as a platform for states and Union Territories to articulate their perspectives on trade policy, while enabling the Centre to share developments affecting India's trade prospects and emerging global opportunities.
 
The Board will also assist states in developing export strategies aligned with the Foreign Trade Policy, deliberate on trade-related infrastructure requirements, identify bottlenecks affecting exports, and facilitate discussions on the operationalisation of trade infrastructure.
 
Board to Recommend Measures for Export Growth 
 
In addition, the BoT will advise the government on short- and long-term measures to boost trade, review sector-wise export performance, identify constraints affecting exporters, recommend policy reforms for imports and exports, and suggest measures to strengthen the international competitiveness of Indian goods and services.
 
The upcoming meeting is expected to focus on policy interventions and collaborative strategies aimed at accelerating export growth and enhancing India's position in global trade.
 
(KNN Bureau)