State the objectives of the National Committee on Trade Facilitation (NCTF). How does the National Trade Facilitation Action Plan aim to achieve these objectives under the Foreign Trade Policy, 2023 ?

India has ratified the World Trade Organization's Trade Facilitation Agreement (TFA) in April 2016. To facilitate coordination and implementation of the TFA provisions, an inter-ministerial body i.e., National Committee on Trade Facilitation (NCTF) has been constituted. The aims to achieve the objects, NCTF has followed the four pillars of TFA as follows: Transparency: focus on improved access to accurate and complete information. Technology: development and use of digital and detection technologies to ease out trade bottlenecks and improve efficiency. Simplification: of procedures and Risk based Assessments. Simplified, uniform and harmonised procedures with increased adoption of a risk based management approach. Infrastructure Augmentation: enhancement of infrastructure, particularly the road and rail infrastructure leading to ports, and the infrastructure within ports, airports, ICDs, Land Customs Stations is a major enabler for growth in trade that cuts across all stakeholders. National Trade Facilitation Action Plan aims to achieve: - Improvement in Ease of Doing Business through reduction in transaction cost and time Reduction in cargo release time A paperless regulatory environment A transparent and predictable legal regime Improved investment climate through better infrastructure.