JS Deepak, who will take charge as India’s Ambassador at WTO, will head both the committees
Will take a view on India’s position in the two areas at WTO, other trade negotiations
New Delhi, May 30:
The Centre has kicked off inter-ministerial consultations to generate inputs for framing national policies on investment and e-commerce that could help the country in taking a strong position in the sectors in all on-going trade negotiations.
Two committees, comprising senior officials from a number of key ministries and departments, including the departments of economic affairs (DEA), industrial policy & promotion (DIPP) and commerce, have been constituted with the objective of looking at various elements beneficial to India in the two areas, a government official told BusinessLine.
“We don’t have comprehensive policies either in investments or e-commerce. With these two areas gaining prominence at the World Trade Organisation (WTO) as well as other trade negotiations that India is engaged in, it is time to take a holistic view on what we want and what we don’t,” the official said.
For instance, in investments, India carries out individual bilateral investment treaties with countries and various Ministries, including Finance, Commerce & Industry and Home, have their individual views on it. There exists a Foreign Direct Investment (FDI) policy which is just for market access.
“We need an overall policy for investments which would include all aspects such as facilitation, promotion as well as protection,” the official said.
Similarly, in the area of e-commerce, which is one of the fastest evolving sectors in the world, India needs to know what policy would promote, facilitate and help in its growth.
Both the committees are headed by JS Deepak who will take charge as India’s Ambassador to the WTO in Geneva on June 1. The committee on e-commerce has senior officials from DIPP, Department of Telecom, Ministry of IT and Electronics, Department…