Q74. The Government recently released the Mid-term Review of the Foreign Trade Policy (FTP) 2015-20. With reference to this, consider the following statements.
1. Focus will be given to Ease of Trading across borders.
2. A new Logistics Division has been created in the Department of Finance to develop and co-ordinate integrated development of the logistics sector.
Identify the correct statements.
Q74. The Government recently released the Mid-term Review of the Foreign Trade Policy (FTP) 2015-20. With reference to this, consider the following statements.
1. Focus will be given to Ease of Trading across borders.
2. A new Logistics Division has been created in the Department of Finance to develop and co-ordinate integrated development of the logistics sector.
Identify the correct statements.
The correct option is A (a) Only 1
A new Logistics Division has been created in the Department of Commerce to develop and co-ordinate integrated development of the logistics sector, by way of policy changes, improvement in existing procedures, identification of bottlenecks and gaps, and introduction of technology based interventions in this sector. These steps would improve India’s ranking in the Logistics Performance Index (LPI) and promote exports and enhanced growth.
Focus will be given to Ease of Trading across borders. A professional team to handhold, assist and support exporters in their export related problems, accessing export market and meeting regulatory requirements. The team will also examine the procedures and processes in clearances related to trading across borders for their simplification and rationalization and track progress. Dwell time at ICDs, ports and airports is being closely monitored in coordination with Customs, and infrastructure Ministries.
(a) Only 1
A new Logistics Division has been created in the Department of Commerce to develop and co-ordinate integrated development of the logistics sector, by way of policy changes, improvement in existing procedures, identification of bottlenecks and gaps, and introduction of technology based interventions in this sector. These steps would improve India’s ranking in the Logistics Performance Index (LPI) and promote exports and enhanced growth.
Focus will be given to Ease of Trading across borders. A professional team to handhold, assist and support exporters in their export related problems, accessing export market and meeting regulatory requirements. The team will also examine the procedures and processes in clearances related to trading across borders for their simplification and rationalization and track progress. Dwell time at ICDs, ports and airports is being closely monitored in coordination with Customs, and infrastructure Ministries.
