The Board of trade has been set up to ensure that the collective advice of the commercial interests is available to the Government of India for framing and formulating export promotion and import policies and for successful implementation thereof. The Board of Trade is the highest forum for Government industry inter-face on trade policy issues. Its members are presidents of FICCJ, AS-SOCHAM, CII, FASSI and FIEO, in addition to several other leading industrialists. It has also representatives from the Ministries of Finance, Industry and Textiles as also from the Prime Minister’s office. The chairman of the State Bank of India and Export-Import Bank and Director General of Foreign Trade, are also its members. The Board of Trade is presided over by the Commerce Minister. It deliberates on the policy and major bottlenecks faced by the trade and industry in foreign trade and makes recommendations for Government’s consideration and implementation.