With reference to Federation of Indian Export Organisations FIEO consider following statements ...........

Economic Affairs Foreign Trade - Trends and Policy

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With reference to Federation of Indian Export Organisations (FIEO), consider following statements

It is an apex body of exports promotion council, commodity boards and export development authorities in India.
It Providing crucial interface between international trading community of India and Centre and state government, railways, ports, surface transport, financial institutions and all other engaged in trade facilitation.
It estimates that about 15 million people may face job losses in India’s exports’ sector owing to reduced business opportunities in wake of Covid-19.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

About 15 million people face job losses in India’s exports’ sector following cancellation of over half of the orders and a gloomy forecast for global trade due to the COVID-19 pandemic as per exporters’ body FIEO.

It was established in 1965 with headquarters in New Delhi. It was formed by Union Ministry of Commerce and private trade and industry.
It is an apex body of exports promotion council, commodity boards and export development authorities in India.
Its direct members contribute more than 70% of India’s exports
Function: Providing crucial interface between international trading community of India and Centre and state government, railways, ports, surface transport, financial institutions and all other engaged in trade facilitation.

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