Foreign Trade Development Board

IITDO Boards Sector

Foreign Trade Development Board

India has been recognized globally as a preferred investment & business destination, and this has resulted in increased interest of foreign companies to invest & trade in the in the country. In order to promote and increase bilateral trade and encourage joint ventures between India and other countries, the Foreign Trade Board was established. The Board aims to ensure a continuous dialogue with governments and non – government organization on measures for providing an International trade enabling environment in the country and to create a framework to generate Investment & business opportunities for the betterment and boosting growth of the country. The Term of References for Council for Trade Development and Promotion would be as follows. The Board serves as a wide platform to understand and explore business opportunities in the country.

The aims of the Board:-

  • To help local & regional companies to expand their customer base into international markets by providing access, resources, business opportunities and connections to generate exports and economic growth.
  • To assist foreign trade missions visiting India to find and connect with country based suppliers of goods and services.
  • To facilitate international firms’ investment and job growth in the country by building strategic partnerships with public and private sectors to help secure successful enterprises.
  • To provide a forum for members to better understand, develop and promote constructive federal, state and local public policies that are important to the advancement of international trade.
  • To arrange inbound & outbound business delegations.
  • Promoting MOUs with overseas trade organizations.
  • Export, Import & grievances board for interaction with the Customs Dept.
  • Sending trade promotion delegations abroad with government incentives.
  • Participation and joint programs with other parallel trade organization & government trade bodies etc.
  • Organize seminars and conferences for EXIM matters.
  • To provide a platform for deliberation on the need for infrastructure relevant for promoting trade and for identification of impediments and infrastructure gaps which adversely affect country’s trade.

The efforts of this Board aim to provide the international pulse, up-to-date market opportunities, and outreach to multinational businesses, national & international organizations, Consular Corps, trade representatives, binational chambers and visiting dignitaries.

By working with state, national and international economic development agencies, the Board is able to identify and seek solutions to global business issues that impact the country.

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