GENEVA: India has signalled its intention to use electronic data of its citizens “for its own development rather than allow its value to be appropriated by others", challenging the United States and other Western countries that want to eliminate restrictions on cross-border data flows and storing of data in foreign servers. New Delhi intends to preserve the policy space for developing a robust domestic e-commerce sector by imposing customs duties on electronic transmissions. At a closed-door meeting of trade envoys on 3 May, India’s trade envoy J.S. India is hosting an informal trade ministerial summit of developing countries in New Delhi on 13 May to build a strong coalition for pursuing a developmental trade agenda in global trade. The European Union and Japan are also seeking almost identical global rules for electronic commerce.

Source: Mint May 05, 2019 20:12 UTC