India Releases National Trade Facilitation Action Plan

21 July 2017

The Government of India, led by Finance Minister Arun Jaitley, launched the National Trade Facilitation Action Plan (NTFAP) on 21 July 2017, to align India's border procedures with international best practices and improve the country's Ease of Doing Business. The plan includes a time-bound roadmap containing 76 action plans for reforms, such as reduction of cargo release time and cost, promotion of a transparent and predictable regime, move toward paperless trade, and better investment climate through world-class infrastructure.

Mr. Vanaja Sarna, Chairman, Central Board of Excise and Customs, emphasizes that the NTFAP's 76 action plans reflect the Government's commitment to implement the Trade Facilitation Agreement.

The NTFAP details short-term, mid-term, and long-term initiatives to be carried out by various regulatory agencies, including Customs, Food Safety and Standards Authority, Foreign Trade, Plant Quarantine, and planned infrastructure to boost connectivity, including transport infrastructure leading to ports, airports, and Land Customs stations. A Steering Committee will monitor implementation of the NTFAP.

Mr. Kunio Mikuriya, Secretary General, World Customs Organization, remarked on India's strategic position in pushing forward the region's trade facilitation agenda by providing transit to many South Asian countries. He noted the importance of implementing NTFAP’s concrete steps.


Related Links:

ADB Country Partnership Strategy to Accelerate India’s Economic Transition

The Asian Development Bank (ADB) endorsed a new India Country Partnership Strategy (CPS) 2018-2022 that...

ADB Blog: What Multimodal Parks Can Do for Logistics in India

The Asian Development Bank (ADB) is currently conducting a pre-feasibility study to gauge the suitability of four multi-modal...

Commentary: Boosting Business in the Bangladesh Corridor

This commentary by Mr. Sanjay Kathuria, Lead Economist and Coordinator, South Asia Regional Integration, World Bank Trade and...

Trade Facilitation Center for Handicrafts Inaugurated in Varanasi

India Prime Minister Narendra Modi inaugurated the Deendayal Hastkala Sankul, a trade facilitation center for handicrafts, at the...

Freight Train Service to Run for Dhaka-Kolkata

In an effort to increase bilateral trade between Bangladesh and India – currently running at about $6 billion...

BIMSTEC to Finalize MVA and Coastal Shipping Agreement

At the sidelines of BIMSTEC Expo 2017, on 15 September 2017 in Kolkata, India, Mr. Prashant Agrawal, Indian...

ADB Vice President: RCI Can Help Bhutan Develop Full Potential

Mr. Wencai Zhang, Vice President, Asian Development Bank (ADB), encouraged the active participation of Bhutan in regional cooperation...