Weekly Current Affairs

Notice

Export infrastructure scheme on the anvil

  • The Centre will tie up with the States to soon roll-out a new scheme called ‘TIES’ — or Trade Infrastructure for Export Scheme — to boost export infrastructure.
  • States must develop their own export strategy in alignment with national foreign trade policy, as well as enhance co-operation with Central agencies to set up common facilities for testing, certification, trace-back, packaging and labelling.
  • Indian roads carry nearly 65 per cent cargo against the global trend where railway is the major contributor. Therefore the States should focus on improving the last mile connectivity of major exporting hubs to Inland Container Depot/Ports.
  • Quality of roads including their load bearing capacity may be upgraded for smooth transit of export goods.
  • About 150 Sanitary & Phyto-Sanitary (SPS) measures (or norms on food safety and animal & plant health standards) and a similar number of Technical Barriers to Trade (TBT) notifications (including mandatory and voluntary standards) were being issued by World Trade Organisation-member countries each month.
  • States should cooperate with the Centre for setting up common facilities like testing labs and training institutes as well as to ensure packaging and storage support to the Indian industry.
  • So far, only 17 States have prepared their export strategy.
  • There is a need to diversify our services exports.
  • Areas like medical tourism, nursing and healthcare, education, audio-visual media have an excellent potential that can be harnessed.
  • For this, we need to develop the right competencies like language skills for the East and North East Asian markets.
  • Centre has decided to soon bring out a Logistics Performance Index to rank states on steps taken to facilitate trade and improve logistics.
  • Measures in the pipeline include expediting the proposal for a north east corridor to improve connectivity with south east Asian countries and exports to that region.