NCTF - Current Affairs Questions and Answers

1)   Union Government on 12th August 2016 constituted the NCTF. What does NCTF stand for?

a. National Committee on Trade Facilitation
b. National Committee on Technical Facilitation
c. National Committee on Trade Forces
d. National Council on Trade Facilitation
Answer  Explanation 

ANSWER: National Committee on Trade Facilitation

Explanation:
Union Government on 12th August 2016 constituted the National Committee on Trade Facilitation. Committee seeks to develop a pan India roadmap for trade facilitation as per the TFA or Trade Facilitation Agreement of the World Trade Organisation.

  • On April 22, 2016, India ratified the TFA which was the result of the Bali Package 2013 or Ninth Ministerial Conference of the WTO.
  • It is an inter-ministerial body on trade facilitation which will be the national level body that will facilitate domestic coordination and implementation of TFA provisions.
  • This will synergise the various trade facilitation perspectives across the nation and the focus will be on outreach programme for sensitisation of stakeholders.
  • Committee will have a 3 tier structure with the main national committee for implementation of TFA.
  • It will also be headed by Union Cabinet Secretary Pradeep Kumar Sinha at apex level.

Related Content

▲