Trade Connect ePlatform

Santhosh Kumar 20/01/2024
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Trade Connect ePlatform mind map Recent News: Announcement: Date: January 2024 By: Union Commerce Minister Piyush Goyal Operational In: Timeline: Next 3 to 4 months When: Expected Launch: Within 3-4 months Why: Information Gap: For MSME traders Export Opportunities: Providing details What Digital Initiative: To boost MSMEs, startups in export sector Intermediary Platform: Connecting exporters, entrepreneurs Stakeholders: With international trade Review of Export Performance: For USD 2 trillion target by 2030 Foreign Trade Policy 2023: Discussing priorities Where: India: Focused on Indian exporters Who: Piyush Goyal: Union Commerce Minister Board of Trade: Advises government on trade policy MSMEs: Micro, Small, and Medium Enterprises Startups: Involved in exports How: Bridging Gaps: In export information for MSMEs Collaboration: Between states, central government, industry Practical Measures: Suggested by EEPC Chairman Significance: Export Promotion: Facilitating export activities Economic Boost: Through internationalizing goods, services Positive Trade Trends: Rise in exports, narrowing goods deficit Challenges: Implementation: Ensuring effective rollout Stakeholder Engagement: Effective participation of all parties Way Forward: Sustained Export Growth: Strategies for long-term success Quality Enhancement: Of products, services for export

The “Trade Connect ePlatform” is an upcoming digital initiative announced in January 2024 by Union Commerce Minister Piyush Goyal. It aims to boost the involvement of micro, small, and medium enterprises (MSMEs) as well as startups in the export sector. The platform, expected to be operational in the next three to four months, will act as an intermediary connecting Indian exporters and entrepreneurs with various stakeholders in international trade. The primary goal is to bridge the information gap for MSME traders, providing them with crucial details and opportunities for export activities. This initiative is part of a broader effort to review export performance, with the ambitious target of achieving USD 2 trillion in exports by 2030. The platform is set to play a significant role in promoting exports, enhancing product quality, and boosting the economy through increased involvement of small and medium traders in the global market.

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Categories: MSMEs
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