e-commerce | digital economy
Negotiators representing 16 countries have been tasked with arriving at an agreement on the controversial Regional Comprehensive Economic Partnership by October 19 but trade unions say the deal has grave consequences.
If India is going ahead with RCEP negotiations, India must insist on rules of origin mandating significant domestic value addition in the country of the final exporter as well as strengthen bilateral mechanisms for ensuring compliance.
RCEP meet: India had proposed certain tweaks in the negotiating text of electronic commerce during the 9th Intersessional Ministerial Meeting.
India has proposed locating computing facilities inside the country if it is meant to protect its essential security interests and national interests at the the ongoing negotiations of the proposed RCEP trade agreement.
The US administration’s push is the latest salvo in a global fight over who sets the rules for the Internet.
President Trump oversaw the signing of two limited trade deals with Japan, slashing tariffs on $7.2 billion worth of America’s agricultural exports, but avoiding thorny issues such as auto tariffs.
As published by the Office of the United States Trade Representative
To sign the RCEP and start negotiations on a FTA with the US when the Indian economy is on the brink of economic downturn and needs strong domestic policies is a decision that is not in national or public interest.
Both countries are frantically working on ways to resolve long-disputed trade issues, especially relating to medical devices, agriculture, and e-commerce.
The different levels of digital trade development and readiness among the 16 countries currently negotiating the RCEP have placed e-commerce in a list of top major issues to be finalized in the coming months.
New Zealand will take part in negotiations with Chile and Singapore to establish new international rules and best practice for supporting and promoting trade in the digital era.
New Zealand and Singapore announced negotiations on a Digital Economy Partnership Agreement (DEPA) that would establish new trade rules and best practices for the digital era. Australia should join and actively participate in these negotiations.
Japanese and American trade negotiators have reached a broad agreement on the digital economy, in which digital products are tariff-free and businesses can host servers wherever they choose.
Latest trade figures show that the trade imbalance persists, #US had a $6.67 billion goods trade deficit with Japan. So the tariff reductions under a bilateral trade pact will be kept to levels set by the Trans-Pacific Partnership.
"The data localization and data transfer rules may erode efforts to safeguard privacy and many other provisions represent a lost opportunity to establish higher standards," says expert
ASEAN members will need to resist the new normative regime proposal if they are to maintain their regulatory sovereignty and the policy space to capitalize on the 21st century digital revolution.
ASEAN Economic Ministers and AEC Ministers signed the ASEAN Agreement on e-Commerce, concluded the ASEAN Trade in Services Agreement (ATISA) and finalised the fourth protocol to amend the ASEAN Comprehensive Investment Agreement (ACIA).
Japan plans to expand the coverage of the Japan-Philippines Economic Partnership Agreement to include the e-commerce sector and more concessions in agriculture.
The digital trade chapter restricts data localization policies and bans restrictions on data transfers across borders.
The new trade deal reached between the US and Mexico contains a myriad of rules and tariffs, and among them include tougher rules on copyright and intellectual property.