Rapid Fire
Trade Connect ePlatform
- 17 Sep 2024
- 1 min read
Recently, The government launched Trade Connect ePlatform, a portal to provide all kinds of information related to exports and imports.
- The Trade Connect ePlatform is developed in collaboration with the Ministries of External Affairs and MSME, EXIM Bank, IT major TCS, and the Department of Financial Services (DFS).
- It will connect a large number of Import-Export code (IEC) holders, Indian Mission officials, Export Promotion Council Officials, officials from the Directorate General of Foreign Trade (DGFT), and the Department of Commerce.
- Significance:
- The portal aims to mitigate information asymmetry by providing exporters with an extensive array of support mechanisms and resources.
- The platform will provide information on product and country-specific customs duties and regulations, details regarding free trade agreements, and trade-related services offered by various government departments and agencies.
- Additionally, it will offer insights into non-tariff barriers, global buyers, and updates on international exhibitions.
- As per the commerce ministry, India will export goods and services worth USD 2 trillion by 2030.
