Major Initiatives and Accomplishments of Department of Commerce(DOC)-2016
Exports record a positive growth
Government E-Marketplace (GeM) launched in August, 2016 and becomes fully functional by October, 2016.
The WTO's Trade Facilitation Agreement in Goods ratified
1st BRICS Trade Fair organised in India from October 12-14, 2016
Vision and Mission
The
long-term vision of the Department is to make India a major player in
the world trade by 2020 and assume a role of leadership in the
international trade organizations commensurate with India’s growing
importance. DOC’s goal is to increase India’s exports of merchandise and
services from the present level of 465.9 billion USD (2013-14) to
approximately 900 billion USD by 2019-20 and raise India’s share in
world exports from present 2% to 3.5%.
Strategic Initiatives and Priorities
- Diversification of export product basket
- Diversification into non-traditional markets and conclusion of ongoing FTA negotiations and initiating new FTAs
- Strengthening export related infrastructure
- Enhancing credit flows for exports at lower cost
- Reducing Transaction Costs
- Diversification of Services exports
- Building up a Brand Image of India
- Support to Plantation Sector
- Protection to sensitive domestic industries
Improved export performance
· After negative growth for 18 successive months since December 2014, export recorded positive growth in June 2016.
· September,
October and November 2016 saw positive growth in exports. Export from
April to November 2016 is valued at US $ 174.9 billion against US $
174.7 billion recorded in the corresponding period of 2015.
· With
falling international crude prices and import of gold recording a
significant decline, trade deficit had been in single digits for all
successive months starting from January 2016.
Government E-Marketplace (GeM)
– was launched in August, 2016 and became fully functional by
October, 2016.Presently more than 4000 products in 86 categories and
hiring of transport service are available on GeM POC portal. More than
1600 product sellers and service providers and about 1500 Government
officials are currently are registered on GeM. Transactions for more
than Rs45 Crore have already been processed on GeM. Purchases done
through GeM so far, have indicated a reduction in prices to the tune of
10-20%, and in some cases even upto 56%. GeM is a tool to promote
Maximum Governance Minimum Government, Make in India, Ease of Doing
Business and Digital India. By providing timely payment to vendors GeM
not only ensures competitive rates but also encourages small business
units/individuals to do business with government organizations.
Trade Facilitation Agreement
· The
WTO's Trade Facilitation Agreement represents an important milestone by
creating an international framework for reducing trade costs. The Trade
Facilitation Agreement (TFA) contains provisions for expediting the
movement, release and clearance of goods, including goods in transit. It
also sets out measures for effective co-operation between customs and
other appropriate authorities on trade facilitation and customs
compliance issues. These objectives are in consonance with India’s “Ease
of Doing Business” initiative.
· As
part of Special & Differential Treatment, Developing Countries and
least Developed Countries (LDCs) has to categorise all the provisions
under Category “A”, “B” or “C”. Category “A” commitments are those
commitments which the notifying Country has to fulfil at the time TFA
comes into force. Category “B” are those commitments for which notifying
Country can ask for a transition time and for the implementation of
category “C” commitments Developing and LDCs are entitled to get
Technical assistance.
· After
the approval from Cabinet in February 2016, India Notified its category
“A” commitments to WTO under the (TFA) in March, 2016 and later on
ratified it in April, 2016. Approximately 70% of the total provisions
given under TFA has been notified as category “A”. India has not
categorised any provisions under category “C”.
· The
Cabinet has also approved the setting up of a National Committee on
Trade Facilitation(NCTF) to facilitate both domestic coordination and
implementation of the provisions under the Chairpersonship of Cabinet
Secretary.
Signing of MOU with GSTN on data sharing
· DGFT
on Oct 27, 2016 signed an MOU with the Goods and Services Network
(GSTN) for sharing of foreign exchange realisation and Import Export
code data. This will strengthen processing of export transactions of
taxpayers under GST, increase transparency and reduce human interface.
· DGFT
has signed MOUs with 14 state governments 2 central government agencies
and GSTN for sharing of the data. At the state level, Commercial Tax
Departments of 14 states have signed MoU with DGFT for receiving e-BRC
data for VAT refund purposes. These are: (i) Maharashtra, (ii) Delhi,
(iii) Andhra Pradesh,(iv) Odisha, (v) Chhattisgarh, (vi) Haryana, (vii)
Tamil Nadu, (viii) Karnataka, (ix) Gujarat, (x) Uttar Pradesh, (xi)
Madhya Pradesh, (xii) Kerala, (xiii) Goa, (xiv) Bihar.
· In
addition, Ministry of Finance, Enforcement Directorate, Agricultural
& Processed Food Products Export Development Authority and GSTN have
signed MoU.
Increased Trade Interaction
o India
organized the 1st BRICS Trade Fair from October 12-14, 2016 at India
Trade Promotion Organisation (ITPO), Pragati Maidan, New Delhi.
o There were 397 exhibitors in the BRICS Trade Fair with participation from 14,612 business representatives.
o A
number of key sectors such as agriculture and agro processing, auto and
auto components, chemicals, green energy, handicrafts, healthcare and
pharmaceuticals, high technology, ICT, infrastructure, leather, machine
tools, mining and textiles and apparel were represented in the Fair.
o There were 1,601 Business to Business (B2B) meetings held during the BRICS Trade Fair.
o The
BRICS Business Forum was also held on the sidelines of the BRICS Trade
Fair that discussed pertinent topics like green energy, infrastructure
development and finance etc.
· Signing
of Memorandum of Understanding (MOU) between the Ministry of Commerce
and Industry of the Republic of India and the Ministry of Economic
Development of the Russian Federation on expansion of Bilateral Trade
and Economic Cooperation (15.10.2016).
· Proposed Agreement on Trade, Commerce and Transit between India and Bhutan signed on 12.11.2016.
· 7th
session of India-Greece JEC convened in New Delhi on 23.11.2016. Agreed
Minutes of JEC signed by CS & Mr. George Katrougalos, Alternate
Minister for Foreign Affairs, Hellenic Republic on
23.11.2016. Deliberations of JEC reflected and reaffirmed cordial
relations between two countries.
RCEP
under active negotiation. The 15th round was held in October, 2016 at
Tianjin, China and 16th RCEP round in December, 2016 at Tangerang,
Indonesia. There was an intersessional ministerial held on 03.11.2016 at
Cebu, Philippines, wherein, positions on goods, services and investment
were clearly articulated by participating countries.
INNOPROM - 2016
INNOPROM
is the largest Industrial Trade Fair in Russia held annually in
Yekaterinburg. India participated in INNOPROM 2016 held on 11-14 July,
2016 as a “Partner Country”, with 117 Indian Companies. The States of
Maharashtra, Rajasthan, Andhra Pradesh, Gujarat, Himachal Pradesh and
Jharkhand also participated in the event along with various Ministries /
Departments / Public Sector Undertakings of Central Government such as
Department of Heavy Industry, Department of Electronics & IT,
Ministry of Tourism, National Institute of Design, NTPC, NHPC, NEEPCO
and Power Grid Corporation. The Trade Fair was attended by around 700
exhibitors from 95 countries. Participation in INNOPROM 2016 provided
opportunities for direct interaction with the global and Russian
producers, awareness of best-in-class new manufacturing technologies,
international and inter-industrial networking, etc.
. Board of Trade – re-constituted on 23rd March, 2016
· First
meeting held on 6th April, 2016. Participation by various Members of
the Board and some special invitees, comprising senior officials from
Government and representatives of certain sectors of trade and industry.
· Exporters
were asked to provide inputs and suggestions on possible trade policy
interventions, the institutional framework and possibilities for
enhancing trade competitiveness.
. Global Exhibition on Services (GES)
· Two editions held in April, 2015 and in April, 2016.
· Department
of Commerce organizes GES, in association with Services Export
Promotion Council (SEPC) and Confederation of Indian Industry (CII).
· Provides
a platform to all the participants from the services industry and other
related industry to interact with, and explore new business avenues.
Standard Conclaves – held in 2014, 2015 and 2016
· Government
is committed to transforming India into a manufacturing and exporting
hub. This is possible only if India’s products are of world class
standard.
· Department
of Commerce in collaboration with trade bodies and knowledge partners
organizes National Standards Conclave every year.
· Eight Standards Conclaves (three national and five regional) have been already held to generate awareness.
· Objective
of these Standard Conclaves is to find out gaps in India’s preparedness
in this matter to address critical issues related to quality control
and the vision of zero defect zero effect state of art manufacturing in
India.
Building the India Brand
A
long term branding strategy has been conceptualised to enable India to
hold its own in a highly competitive global environment and to ensure
that “Brand India‟ becomes synonymous with high quality. Further, a
programme to promote the branding and commercialisation of products
registered as Geographical Indications and to promote their exports will
be initiated within one year of this policy coming into force.
Institutional Mechanisms for Trade Promotion
The
schemes for trade promotion under the Department of Commerce, namely,
the Market Access Initiative (MAI) Scheme and the Market Development
Assistance Scheme will continue. Efforts will be made to support the
development of infrastructure for holding conventions in all major tier 1
and tier 2 States. A major convention-cum-exhibition centre will be
developed at Pragati Maidan in Delhi replacing the present
infrastructure. Export Promotion Councils are being strengthened, both
in terms of technical capabilities and management structures.
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