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Trade Connect ePlatform

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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