India bats for e-commerce at WTO meeting, Conveys E-Com formulation
India bats for e-commerce at WTO meeting, Conveys E-Com formulation
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Last Week, India had a meeting of the World Trade Organization's (WTO's) General Council, where India has expressed concerns over formulating rules on e-commerce, as India is of the opinion that it may not help providing a level-playing field to developing countries. Under the Joint Statement Initiative on e-commerce, some countries such as Australia and Singapore have been leading the demand to form rules on the sector.

According to the official say, India has also conveyed the Work Programme on E-commerce (1998) needs to be reviewed regularly and it should be a standing committee agenda item at the meetings. The scope of the moratorium on customs duties on electronic transmissions needs more clarity, India has conveyed. An agreement was reached in 1998 on the World Trade Organization e-commerce moratorium, according to which, member countries can’t impose customs duties on electronic transmissions. Generally every two years, this is extended at the Ministerial Conferences.  However, laely, India and South Africa questioned its continuous extension. The related revenue loss has been significant to developing nations. And it is more pinching during coronavirus pandemic, as e-transmissions have shown a significant uptick," the official said. According to a research paper published by the UNCTAD last year, India’s loss of potential taxes because of the continuous extension of the moratorium was estimated at USD 500 million.

On February 23, 2019, India became one of the few countries to move towards formulating a policy on e-commerce by bringing in the draft national e-commerce policy. Under the policy, the government aims to use India’s data for its own development rather than allow its value to be appropriated by others.

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