New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Union Commerce Minister Piyush Goyal has announced the

    launch of an e-platform ·     for Indian exporters that is expected to facilitate new exporters by providing information on regulations, market access, export trends, Free Trade Agreement benefits, sector-specific events, and a channel for addressing trade-related queries to government officials.What is the name of the platform ?
    A Commerce Link Correct Answer Incorrect Answer
    B TradeConnect Correct Answer Incorrect Answer
    C TradeHub Correct Answer Incorrect Answer
    D BusinessLink Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Union Commerce Minister Piyush Goyal announced the upcoming launch of an ePlatform named 'Trade Connect' for Indian exporters to engage with international trade stakeholders by May, aiming to support the $2 trillion export target by 2030.The announcement was made during the second meeting of the reconstituted Board of Trade (BOT), where Goyal revealed the initiation of work on the Trade Connect ePlatform. The BOT, advising the government on trade-related policy measures, discussed leveraging Free Trade Agreements (FTAs), encouraging startups and MSMEs to expand globally, boosting exports in the services sector, and internationalizing goods and services for improved quality and economies of scale. The Trade Connect ePlatform is expected to facilitate new exporters by providing information on regulations, market access, export trends, Free Trade Agreement benefits, sector-specific events, and a channel for addressing trade-related queries to government officials   The BOT meeting focused on reviewing export performance, achieving the $2 trillion export target for 2030, discussing priorities in the new Foreign Trade Policy (FTP) 2023, and formulating strategies for export growth.

    Practice Next