Finance Minister Arun Jaitley released the National Trade Facilitation Action Plan (NTFAP) on Thursday. The Action Plan aims to transform cross-border clearance ecosystem through efficient, transparent, risk-based, co-ordinated, digital, seamless and technology driven procedures which are supported by advanced sea ports, airports, and land borders.
The NTFAP aims to achieve improvement in ease of doing business by reducing cargo release time and cost, promote paperless regulatory environment, transparent and predictable legal regime and improved investment climate through better infrastructure. "With the release of this Action Plan today, we look forward to ensuring compliance with the TFA and also, impetus to trade facilitation," Jaitley said while releasing the Action Plan.