Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Upcoming SlideShare
La Garantie Jeune
Next
Download to read offline and view in fullscreen.

0

Share

Download to read offline

Brics nations call for ease of e commerce facilitation

Download to read offline

BRICS nations will soon consider a proposal to frame ‘guiding principles’ for investment policymaking to boost investment flows into Brazil, Russia, India, China and South Africa as well as take steps to promote e-commerce among the five leading emerging economies.

Related Books

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

Brics nations call for ease of e commerce facilitation

  1. 1. wwww.digitalerra.com BRICS Nations Call For Ease Of E- commerce Facilitation BRICS nations will soon consider a proposal to frame ‘guiding principles’ for investment policymaking to boost investment flows into Brazil, Russia, India, China and South Africa as well as take steps to promote e-commerce among the five leading emerging economies. #DigitalErra Thought Corner  The BRICS Contact Group on Economic and Trade Issues (CGETI) will also discuss measures for closer cooperation
  2. 2. wwww.digitalerra.com among the BRICS countries for developing their respective national single window for trade facilitation.  BRICS nations have proposed ‘Guiding Principles for BRICS Investment Policymaking’ which is similar to ‘Guiding Principles’ agreed by the G20 (group of 20 major economies of the world) Trade Ministers at Shanghai in July 2016 under the Chinese G20 Presidency.  The ‘G20 Guiding Principles for Global Investment Policymaking’, among other things, states that, “Governments should avoid protectionism in relation to cross-border investment” and that “investment policies should establish open, non-discriminatory, transparent and predictable conditions for investment.”  It adds that, “dispute settlement procedures should be fair, open and transparent, with appropriate safeguards to prevent abuse. A Meeting Between FICCI And UNIDO
  3. 3. wwww.digitalerra.com  Last December, a meeting was organized by the Federation of Indian Chamber of Commerce and Industry (FICCI) and the United Nations Industrial Development Organization (UNIDO).The exchange of information on e-commerce and technology development, as well as the strengthening partnership between small and medium-sized enterprises (SMEs) in BRICS countries (Brazil, Russia, India, China and South Africa), were the key pointers discussed in the meeting.  Participants included members of the Russian Technology Transfer Network, the National Small Industries Corporation, and representatives of a number of e-commerce companies in India. The discussion emphasized the importance of promoting SME development through e-commerce, and highlighted the great opportunities that e-commerce provides SMEs to overcome logistical and geographic challenges for better access to markets.
  4. 4. wwww.digitalerra.com  The aim is to build an inclusive and sustainable industrial development in these countries through the development of e-commerce. India To Benefit From Cross Border E-commerce According to research firm Statista,expected retail e-commerce sales in BRIC countries in 2017could be: Brazil- $18.7 bn; Russia- $16.06 bn; India- $20.01 bn; China- $ 470.06 bn. While by 2021, the projected market size of these countries could reach: Brazil- $29.06bn; Russia- $23.38 bn; India- $45.17bn; China- $839.54 bn. The data indicates that these countries can gain much from each other’s trade deficit and develop e-commerce ecosystem in their respective countries.  Greater cooperation among members on e-commerce and intellectual property right (IPR) and sought faster removal of non-tariff barriers will boost trade and improve the India’s participation in the BRIC trade and further in the global market.
  5. 5. wwww.digitalerra.com  It will also enhance India’s capacity building and promote cooperation on infrastructure.  Development of e-commerce includes services directly supporting it, such as payment and logistic services. Conclusion Intra-BRICS cooperation is now expanding to encompass new areas.There is a need for a well-defined legal framework to govern the e-commerce market. This will enable e-commerce players to gain a deeper understanding of the legal regime and enhance the overall e-commerce ecosystem.

BRICS nations will soon consider a proposal to frame ‘guiding principles’ for investment policymaking to boost investment flows into Brazil, Russia, India, China and South Africa as well as take steps to promote e-commerce among the five leading emerging economies.

Views

Total views

117

On Slideshare

0

From embeds

0

Number of embeds

1

Actions

Downloads

1

Shares

0

Comments

0

Likes

0

×