India strategic as transit point for South Asia: WCO Secretary General

Posted by Daily Shipping Times on 24-07-2017        Tweet

NEW DELHI: India has a strategic position as a transit point to provide connectivity in South Asia and National Trade Facilitation Action Plan would push forward trade facilitation agenda, World Customs Organisation Secretary General Kunio Mikuriya said. “Increasingly, we can see that customs can contribute to business competitiveness. India is in a strategic position to provide transit to many South Asian countries," Mikuriya said at a conference organised by FICCI and Central Board of Excise and Customs recently. However, he said the action plan had concrete steps, the key lay in its implementation.

He said WTO's Trade Facilitation Agreement would simplify procedures and enhance competitiveness, making economies more vibrant leading to increase in revenue.

Also, he said, World Customs Organisation was looking at leveraging digital technology to support e-commerce. CBEC Chairman Vanaja Sarna said National Committee on Trade Facilitation has adopted 76 action plans, which reflects the government's commitment to implement the Trade Facilitation Agreement.

The national plan would be monitored by the steering committee, the operational arm of the NCTF, co-chaired by the Revenue Secretary and Commerce Secretary.