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LATEST NEWS UPDATES | India implemented several measures to facilitate trade during 2015-20: WTO

India implemented several measures to facilitate trade during 2015-20: WTO

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published Published on Jan 7, 2021   modified Modified on Jan 21, 2021

-PTI/ The Hindu

The points were part of the report of India’s seventh Trade Policy Review (TPR), which began on January 6 at the World Trade Organization

India has implemented several measures to facilitate trade, such as simplification of procedures and customs clearances for imports and exports, according to WTO.

Geneva-based World Trade Organisation (WTO) said that the other trade-facilitation initiatives introduced by India since 2015 include introduction of Indian Customs Electronic Gateway (ICEGATE); Single Window Interface for Facilitation of Trade (SWIFT); the Direct Port Delivery and the Direct Port Entry facilities; and the increased use of the Risk Management System (RMS).

These points were part of the report of India’s seventh Trade Policy Review (TPR), which began on January 6 at the World Trade Organization. The TPR is an important mechanism under its monitoring function, and involves a comprehensive peer-review of the member’s national trade policies.

India’s last TPR took place in 2015.

“During the period under review, India implemented several measures to facilitate trade, such as a reduction in the number of documents required, and the automation of the customs clearance system for imports and exports,” the WTO has said.

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PTI/ The Hindu, 7 January, 2021, https://www.thehindu.com/business/Industry/india-implemented-several-measures-to-facilitate-trade-during-2015-20-wto/article33517634.ece


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