A key global business lobby group has petitioned the World Trade Organisation (WTO) to begin talks to open up cross-border digital trade for small and medium companies and allow them to sell their products across borders through ecommerce.
The International Chamber of Commerce has proposed the WTO "to give active consideration" to launch talks on a holistic package of trade disciplines, rules and assistance to boost MSME ecommerce, something that India has been opposing vehemently.
The lobby group has said the time may be right to consider whether WTO disciplines should be upgraded in support of digital trade. Even the G-20 has linked development with ecommerce and called for full participation of SMEs in developing countries and less developed economies to benefit from online trade.
The chamber has further recommended that any new WTO package should also encompass capacity building resources for developing economies, including targeted assistance to ensure that MSMEs can get online and expand their business through ecommerce.
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The International Chamber of Commerce has proposed the WTO "to give active consideration" to launch talks on a holistic package of trade disciplines, rules and assistance to boost MSME ecommerce, something that India has been opposing vehemently.
The lobby group has said the time may be right to consider whether WTO disciplines should be upgraded in support of digital trade. Even the G-20 has linked development with ecommerce and called for full participation of SMEs in developing countries and less developed economies to benefit from online trade.
The chamber has further recommended that any new WTO package should also encompass capacity building resources for developing economies, including targeted assistance to ensure that MSMEs can get online and expand their business through ecommerce.
Click to read more
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