Business

Board of Trade to meet today

PNS

The Board of Trade (BoT), chaired by Commerce and Industry Minister Anand Sharma, is scheduled to meet on Friday to review country's export performance in the wake of uncertain economic conditions in the western markets.

The meeting, which would have representation from the ministries of finance, external affairs and micro and small and medium enterprises, would suggest steps to prepare the way for the annual supplement to the Foreign Trade Policy (2009-2014), expected to be unveiled in April.

“The BoT would discuss the impact of rupee fluctuation, rising interest rates and uncertain economic conditions in western markets on the country's exports,” an official said.

Exports to the US and Europe account for about 30 per cent of the country's total overseas shipments.