Hunt Sabs Ireland

Main Menu

  • Home
  • Foreign Equites
  • Unsecured loans
  • International Commerce
  • BP-Curve
  • Finance Debt

Hunt Sabs Ireland

Header Banner

Hunt Sabs Ireland

  • Home
  • Foreign Equites
  • Unsecured loans
  • International Commerce
  • BP-Curve
  • Finance Debt
International Commerce
Home›International Commerce›India suggests having discussions at WTO on role of e-commerce during Covid

India suggests having discussions at WTO on role of e-commerce during Covid

By Irene Hawkins
March 6, 2022
8
0

India suggested convening a meeting under the aegis of the World Trade Organization (WTO) to discuss the role of e-commerce in the time of the COVID-19 pandemic.

According to a statement delivered by India’s WTO Ambassador Brajendra Navnit at the February 23-24 General Council meeting, many members explained how e-commerce had helped their economies during the shutdowns. by the pandemic.



“India suggests holding a discussion on the role of e-commerce during the time of the pandemic… Within the borders of each country, there may have been positive examples. But, international e-commerce been a big part of being good to hear members’ experiences specifically related to cross-border trade,” he said.

He proposed that this agenda item be adopted by the General Council as a standing agenda item for each meeting.

India supported the rejuvenation of the work program on e-commerce.

The General Council, the supreme decision-making body of the WTO after the Ministerial Conference (MC), should now begin the process of convening the meetings of the work program and ensuring that the original mandate is respected, he added.

At the Nairobi Ministerial Conference in December 2015, WTO members adopted a decision on the work program on e-commerce.

Member countries reviewed the work program at almost every MC. They also agreed to continue the practice of not imposing customs duties on electronic transmissions until their next ministerial conference, but India has repeatedly called for consideration of issues related to the moratorium on customs duties. customs on e-commerce. Since 1998, the moratorium has been repeatedly extended by two years.

India also requested that the Council for Trade in Goods, the Council for Trade in Services, the Council for TRIPS and the Committee on Trade and Development take up discussions on e-commerce in accordance with their respective mandates as originally defined.

Regarding the proposed temporary waiver of certain provisions of the TRIPS Agreement to deal with the pandemic, Navnit said that time is definitely “not in our favor and my concern” is that wasting more time to take a decision will render the result “ineffective”.

Persistent vaccine inequality has resulted in new virus variants and strains that have had a devastating global impact not only on sustainable economic recovery, especially for developing countries, including LDCs (less developed countries), but has further eroded the efforts made so far by countries. in the form of vaccines.

“This further reinforces the need for a comprehensive testing, treatment and prevention strategy. Thus, the availability, accessibility and affordability of not only vaccines, but also therapies and diagnostics will remain crucial in the fight against COVID-19. illness,” he added.

India, along with other proponents, has engaged constructively in the discussions on the waiver proposal. India has urged for a comprehensive, balanced and meaningful response by the WTO to the pandemic, which will both enable members to deal with the current crisis and restore the credibility of this institution.

“It is unthinkable that a leading global organization like ours would fall short in the most extraordinary of circumstances,” he said.

The WTO is a 164-member multilateral body that sets rules for global exports and imports and adjudicates disputes between two or more countries on trade-related issues.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Related posts:

  1. Health heart epidemic hits Hong Kong monetary sector
  2. China ‘wants’ commerce pact like CPTPP to drive reform nationally, says former commerce minister
  3. Russian Chamber of Commerce and Trade prepares to carry congress this yr
  4. Good collaboration drives digital improve, H3C launches 2021 channel launch in Turkey

Categories

  • BP-Curve
  • Finance Debt
  • Foreign Equites
  • International Commerce
  • Unsecured loans

Recent Posts

  • Virginians win $489 million in payday loan settlement – ​​Daily Press
  • GBP strongest and JPY weakest as NA traders enter for the day
  • Comparison between USCB Financial (USCB) and the competition
  • Weekly Investor Roundup: Li Ka-shing’s Horizons Ventures to Open Family Office in Singapore; AustralianSuper plans increased PE allowance | Asset owners
  • U.S. Chamber of Commerce welcomes Prime Minister Prayut, demonstrates strong ties to Thailand
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY