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Role of Government Agencies
Let’s learn more about Role of Government Agencies. An export promotion agency or unit can play an important role in helping firms looking to export and increasing trade. Usually, these organisations are part of a larger government agency or state-controlled and can use a wide array of tools to facilitate trade. The services they usually offer are 1) country image building through advertising, promotional events, and advocacy, 2) export support services such as exporter training and information on trade finance, logistics, and customs, 3) marketing through trade fairs or exporter and importer missions, and 4) market research and publications. In terms of lowering the costs of matching local firms with foreign buyers, export promotion agencies can work to reduce general frictions across the entire industry or support individual firms directly. Different Roles are given to different Agencies, some of the agencies are given below.
- Director General of Foreign Trade
- Export Promotion Councils
- Board of Trade
- Commodity Boards
- Institutes for export promotion
- India Trade Promotion Organization (ITPO)
- National Centre for Trade Information (NCTI)
- Export Inspection Council (EIC)
- Export Credit Guarantee Corporation
- Directorate General of Commercial Intelligence and Statistics (DGCI&S)
- Indian Trade Promotion Council (ITPO)
- Federation of Indian Exporters’ Organization (FIEO)
- Export Import Bank (EXIM)
- Export Inspection Council
- Customs and Central Excise Department
- Marine Products Export Development Authority
- Agricultural and Processed Food Products Export Development Authority
- Indian Council of Arbitration
- Federation of Indian Export Organisations
- Department of Commercial Intelligence and Statistics
- Directorate General of Shipping
- Freight Investigation Bureau
- State Trading Corporation of India Limited (STC)
- Major State trading organizations in India
