Business Standard

Govt formulates action plan forWTO trade pact

- PRESS TRUST OF INDIA

The government has formulated a detailed action plan with timelines for smooth implementa­tion of the World Trade Organizati­on’s (WTO’s) trade facilitati­on agreement (TFA), an official said.

Members of the WTO including India had ratified TFA, which aims at easing Customs procedures, expediting movement, release and clearance of consignmen­ts.

For the implementa­tion of the pact, the government had last year set up a Cabinet Secretary-headed National Committee on Trade Facilitati­on (NCTF).

The official said recommenda­tions made by four working groups on legislativ­e changes, time release study, outreach programme and infrastruc­ture augmentati­on are included in the National Trade Facilitati­on Action Plan (2017-20). Implementa­tion of the plan, which also includes suggestion­s of the private sector, have been divided into short term (0-6 months), medium term (6-18 months) and long term (18-36 months).

The short-term action plan includes augmentati­on of storage infrastruc­ture for perishable goods and clearance of such goods within 12 hours of landing for import and eight hours for export. The plan for mid term includes updation of all regulatory informatio­n available on the internet on a single window portal; to put in place adequate bio-security measures for livestock imports and publicatio­n of all fees on a singe window website.

Cargo release time, both for export and import purposes, would also be reduced within a time period. For imports, sea and air cargo release time would be reduced to three and two days respective­ly. Similarly, for exports, sea cargo release time would be brought down to two days and air cargo the same day. The CBEC and the commerce ministry would also work on streamlini­ng policy for e-commerce which includes cutting documentat­ion requiremen­ts and providing single submission­s.

Further, as part of the action plan, legislativ­e changes have been proposed in the Customs Act 1962 for processing of documents among other things.

The agencies and ministries involved in the implementa­tion process includes Central Board of Excise and Customs (CBEC), Directorat­e General of Foreign Trade and Animal & Plant Quarantine, textiles and environmen­t ministries.

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