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Home > Indian Agencies In India > Trade And Economic Relations Committee

Trade & Economic Relations Committee

The Trade & Economic Relations Committee was formed on 23 May, 2005. Prime Minister’s Office services this Committee.

The Charter

The Committee would engage in the following tasks:

  • Suggest mechanisms for promoting economic cooperation through various arrangements such as Joint Study Groups, Task Forces, Negotiating Teams, etc.
  • Suggest the extent and scope of economic engagement with the identified countries.
  • Commission studies which would be valuable inputs in arriving at suitable decisions.
  • Examine proposals for economic coordination between India and the identified countries.

Members

The Trade and Economic Relations Committee comprises of as follows:-

  • Prime Minister – Committee Chairman
  • Finance Minister
  • Commerce & Industry Minister
  • External Affairs Minister
  • Deputy Chairman, Planning Commission
  • Chairman, Economic Advisory Council
  • Chairman, National Manufacturing Competitiveness Council
  • National Security Adviser
  • Principal Secretary to PM -Convenor

Permanent invitees to the Committee meetings are The Secretaries of the Departments of Economic Affairs, Industrial Policy & Promotion as well as Secretary, Revenue, Planning Commission and Foreign Secretary and Commerce.

The Chairman may ask any other Minister/Officer to attend any Committee meeting based on the meeting context.

Work Done by the Committee

  • India’s engagement in the arrangements for regional trading
  • Investments being done in India as well as by the country abroad
  •  Relations with the United States of America from economy point of view, with special importance on the sector- Small and Medium Enterprises
  • Economic relations with the European Union
  • Free Trade Agreement between our country and the Gulf Cooperation Council
  • Economic engagement of India with Pakistan and Bangladesh, especially in relation to textile trade
  • Economic engagement of India with Korea
  • In WTO, Status of negotiations
  • Progress and Development on South Asian Free Trade Area
  • Economic meeting with BIMSTEC
  • Proposed Framework Agreement with SACU
  • Proposed Comprehensive Economic Cooperation and Partnership Agreement (CECPA) and development on PTA with Mauritius
  • Recommendations of the India-Israel Joint Study Group
  • Progress on India- ASEAN FTA
  • Proposed JSG between Russia and India
  • Proposed areas of Trade Cooperation among Brazil, India, and South Africa 
  • CECA between India and Indonesia
  • Unilateral Tariff Preference Scheme for LDCs
  • Establishment of a National Centre for International Trade Policy
  • Progress on Chile-India PTA
  • Progress on Mercosur-India PTA
  • To study the feasibility of a comprehensive FTA among SACU, India and MERCOSUR, Constitution of a JWG
  • Issues in relation to India-Japan Joint Study Group
  • Open skies agreement with ASEAN
  • Trade and Economic Framework between Australia and India
  • Issues in relation to India-EU High Level Trade Group
  • Development on Indo- US economic dialogue
  • Comprehensive Economic Partnership Agreement (CEPA) with Republic of Korea
  • Comprehensive Economic Partnership Agreement (CEPA ) with Japan
  • India- Thailand Free Trade Agreement
  • Negotiations under ASEAN – India Free Trade Agreement
  • Finalization of Joint Task Force Report for China Regional Trading Arrangement
  • Constitution of a JSG between India- European Free Trade Association
  • Establishment of a Joint Task Force based on India- Russia Joint Study Group Report
  • Adoption of India - Malaysia Joint Study Group Report




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