ENA Sectors 2024-09-12 14:37:20 <p><span style="font-size:14px"><strong>New Delhi, Sep 12 (KNN)</strong> The government unveiled a new digital platform on Wednesday aimed at streamlining export and import processes for businesses.</span></p> <p><span style="font-size:14px">The Trade Connect ePlatform, developed through a collaborative effort involving multiple ministries and organisations, seeks to address information asymmetry in international trade.</span></p> <p><span style="font-size:14px">Commerce and Industry Minister Piyush Goyal, who launched the portal, described it as a one-stop solution for trade-related information, including customs duties, rules, and regulations.</span></p> <p><span style="font-size:14px">The platform is designed to support both experienced exporters and new entrants to international markets.</span></p> <p><span style="font-size:14px">Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi highlighted the portal's ability to provide real-time access to critical trade information and facilitate connections between exporters and key government entities.</span></p> <p><span style="font-size:14px">The platform will link over 600,000 import-export code holders with more than 180 Indian Mission officials, 600 Export Promotion Council officials, and various other trade experts and government representatives.</span></p> <p><span style="font-size:14px">The Trade Connect ePlatform offers a range of features, including product and country-specific customs duties and regulations, information on free trade agreements, details on trade-related services offered by various departments, non-tariff barrier data, global buyer information, and exhibition listings.</span></p> <p><span style="font-size:14px">Minister Goyal announced plans for regular updates to the portal, with a second version slated for release in 2025. The platform will also be made available in regional languages to enhance accessibility.</span></p> <p><span style="font-size:14px">Commerce Secretary Sunil Barthwal emphasised the portal's potential to nurture entrepreneurship in the trade sector, likening it to a ChatGPT for exporters. </span></p> <p><span style="font-size:14px">He stressed the importance of fostering entrepreneurship to achieve India's ambitious target of USD 2 trillion in goods and services exports by 2030.</span></p> <p><span style="font-size:14px">The launch comes at a time when global trade faces significant challenges.</span></p> <p><span style="font-size:14px">The Indian government views this initiative as a strategic move to increase the country's market share in international trade, despite current economic headwinds.</span></p> <p><span style="font-size:14px">Future enhancements to the platform are expected to include services related to banking, insurance, and logistics, further expanding its utility for the trading community.</span></p> <p><span style="font-size:14px">This comprehensive approach underscores the government's commitment to supporting and growing India's export sector in an increasingly complex global trade environment.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39248 https://knnindia.co.in/news/newsdetails/sectors/india-launches-trade-connect-eplatform-to-streamline-export-import-processes 2024-09-12 14:37:20 knnindia.co.in