In his welcome address, the Commerce Secretary Shri S. N. Menon highlighted the importance of the Board of Trade in providing an impetus the government's export effort by involving the Trade and Industry and stated that infrastructure and domestic regulatory issues, which continued to erode competitiveness, needed to be addressed urgently so that trade liberalization in the World Trade Organization (WTO) could lead to the desired results.
Shri Birla complimented Shri Kamal Nath on his outstanding performance at the WTO Hong Kong Ministerial Conference, which, he said, had enhanced India's image and stature in the global trade arena.
Briefing the members on the Hong Kong outcome, Shri Kamal Nath said that India's defensive interests in Agriculture were fully protected, while in the area of industrial tariffs, there was a commitment by the developed countries to address the issues of tariff peaks and tariff escalations on products of interest to developing countries.
Members of the Board, who participated included representatives of Tata Sons, Allana Sons, Bharat Forge, Ranbaxy, Maruti Udyog, ESSAR Group, SPIC, Gujarat Ambuja, Yes Bank, FICCI, FIEO, CII, ASSOCHAM; Chairmen of Gems and Jewellery Export Promotion Council, Apparel Export Promotion Council, Texprocil, SRTEPC, Export Promotion Council of Handicraft (EPCH), Seafood Exporters Association of India, Council of Leather Exports, Chemexcil, Pharmexcil, CAPEXIL, Electronics and Software Export Promotion Council, Export Promotion Council for EOUs and Engineering Export Promotion Council (EEPC) besides official members of the Board of Trade including Shri K T Chacko, who is member secretary of the Board.
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