EICI praises Com­merce Min­istry’s WTO ini­tia­tive

Cargo Talk - - National News -

The Ex­press In­dus­try Coun­cil of In­dia ( EICI) has com­mended Anand Sharma, the Min­is­ter of Com­merce and In­dus­try and his core team led by SR Rao, Com­merce Sec­re­tary and Rajeev Kher, Ad­di­tional Sec­re­tary on their suc­cess at the re­cently-held Bali meet of WTO. “It is a fine bal­ance be­tween the need to en­sure In­dia’s sov­er­eign right to an in­de­pen­dent food-sup­port pro­gramme, while at the same time, keep­ing in view the ur­gent need for trade fa­cil­i­ta­tion that would en­sure sig­nif­i­cant gains to the global econ­omy,” said Vi­jay Ku­mar, Chief Op­er­at­ing Of­fi­cer, EICI.

Ac­cord­ing to EICI, the cre­ation of a se­cure, pre­dictable, and ef­fi­cient sys­tem gov­ern­ing move­ment of goods across bor­ders by re­duc­ing trans­ac­tion costs for busi­nesses, not just in In­dia, but glob­ally will ini­ti­ate a great be­gin­ning. “Re­duced trans­ac­tion costs, would have spe­cial mean­ing for those small and in­ter­me­di­ate scale en­trepreneurs who are of­ten un­able to par­tic­i­pate in global trade net­works due to high costs of trad­ing across bor­ders,” added Ku­mar.

Vi­jay Ku­mar Chief Op­er­at­ing Of­fi­cer,

EICI

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