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Commerce Dept. special arm may drive foreign trade policy

India’s future trade (policy) model should have the Commerce Department at the helm, supported by ministries including External Affairs and Finance, while a ‘transformed’ board General of Foreign Trade (DGFT) ought to be the apex body for all trade promotion activities for the country, according to a government-commissioned report.

India’s foreign trade strategy and policy is currently being piloted preponderantly by the Prime Minister’s workplace and External Affairs Ministry.
Frost & Sullivan report
The report — prepared by the world practice firm Frost & Sullivan and submitted on December twenty three, 2016, to the commerce & industry ministry — additionally makes a sturdy case for a better profile for the Indian Trade Service (ITS) in matters of trade policies & systems.
At present, the officials happiness to the Indian body Service, Foreign Service and Revenue Service evidently have a comparatively superior role over ITS cadre concerning choices on crucial foreign policy matters.
The report proposed that “… a dedicated ministerial arm beneath Department of Commerce can deal completely with trade-related policy inputs, their formulation and their rollout with the bulk of implementation work handled by a digital platform.”
The Frost & Sullivan report advocated that “the operational implementation of the Foreign Trade Policy (FTP) should reside with the department of commerce providing the trade community one single entity to trot out.”
The FTP should be thought of a “dynamic document,” according to the report. It added that any amendment necessitated with respect to the continuing necessities should be approved by the (commerce) division arm liable for policymaking.
“Once approved by all ministerial stakeholders including the Department of Commerce, Department of Revenue and Ministry of External Affairs, a single communication should be issued by the division arm dedicated to FTP,” it stated.
Small, yet economical
It observed: “The Prime Minister’s preferred model of a tiny and however economical government acting as a help for businesses is most relevant and applicable to the DGFT. Furthermore, there is a critical got to rework the present DGFT by taking a holistic read of the existent trade surroundings within the country.”
The report mooted that a transformed DGFT ought to be created responsible for all trade promotion activities for Asian country — providing services like trade illustration in foreign countries, research & development, market intelligence, business matchmaking services as well as packaging, advertising and marketing services.
The ‘DGFT 3.0’ — with DGFT pre- and post-liberalisation being the earlier two versions — ought to additionallyoffer (foreign trade) observation and coaching services, hold export promotion campaigns, industrial trade fairs and ensure larger focus on tiny and medium companies, the report suggested.
“The ITS is the only dedicated cadre at intervals the Ministry of Commerce that has professionals with deep information of trade policies and systems. Given their extensive involvement with DGFT and institutional memory, DGFT is best placed to continue with its role in providing policy inputs and aiding the policy formulation process,” the report recommended.