Trade Connect ePlatform | 17 Sep 2024

Source: ET

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.

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