The Centre will soon set up a high-powered committee to look into internal trade issues that may arise from Foreign Direct Investment, FDI, in multi brand retail. Addressing a seminar on inter-state trade barrier in New Delhi today, Food and Consumer Affairs minister K V Thomas said, the committee will interact with state governments and traders to find out their difficulties following FDI and come out with solutions. He said, the government is open to address all issues facing small traders and will consult all stakeholders once the committee starts its operations.

AIR correspondent reports, the Union Cabinet last month allowed 51 per cent, FDI, in multi-brand retail. It had also asked to set up a high-level committee under chairmanship of Mr Thomas to recommend on internal trade reforms to the government.

Mr. Thomas said trade barriers between different states are a complex issue and needs to be tackled in a systematic manner offering permanent solutions. The minister also said that agriculture ministry is formulating a bill for smooth inter-state trade for agricultural commodities.