National Trade Facilitation Action Plan aims to align border procedures with International best practices and improve Ease of Doing Business : FM

Posted by Daily Shipping Times on 26-07-2017        Tweet

NEW DELHI: The Union Finance Minister, Shri Arun Jaitley said that the National Trade Facilitation Action Plan (NTFAP) aims to align border procedures with international best practices and improve Ease of Doing Business. He said that it would not only ensure compliance with the Trade Facilitation Agreement (TFA) but would also give impetus to trade facilitation. The Finance Minister was speaking when Dr Kunio Mikuriya, Secretary General, World Customs Organization (WCO) called on him in his office in North Block in Delhi. The Finance Minister Shri Jaitley further said that this Action Plan gives a time bound map, not only for implementing TFA, but also for India’s initiatives for trade facilitation and Ease of doing Business which goes beyond TFA.  The Action Plan was released by the Finance Minister Shri Jaitley in the national capital. Both the leaders discussed various other issues relating to Customs and Trade Facilitation.

Dr Kunio Mikuriya, Secretary General, WCO appreciated the various initiatives taken by the Indian Customs to facilitate trade particularly the release of the National Trade Facilitation Action Plan (NTFAP). While praising the massive reforms undertaken by the present Government in the Indian Taxation System including implementation of GST, Dr Mikuriya said that the efforts made with regard to outreach and capacity building before implementation of GST in India can be emulated by many other countries.

In her Special Address, Chairman, CBEC, Ms Sarna said that as we start the journey in the new era of one nation, one tax, one market, the national trade facilitation action plan will prove to be a milestone as well as a barometer of orientation from a regulatory taxation regime to that of one committed to facilitating legitimate trade.