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On February 14, local time, US Secretary of Commerce Ross will lead a delegation to visit India. It is predicted that the recent escalating trade friction between the United States and India will become an important issue for Ross.

Reuters reported recently that the Office of the US Trade Representative is reassessing MFN status granted to India under the framework of the “universal preferential tariff system” or will revoke zero-tariff treatment for products worth approximately US$5.6 billion from India imported into the United States.

Economic and trade

It is widely believed that the recent economic and trade frictions between the United States and India are the new e-commerce regulations that have entered into force in India.

On February 1, the new regulations on foreign direct investment supervision in the field of e-commerce led by the Industrial Policy and Promotion Bureau of the Ministry of Commerce and Industry of India came into effect. Some analysts believe that the new regulations aim to restrict foreign companies, foster local companies, and have obvious influence on American multinationals such as Amazon and Wal-Mart, which have been in India for many years.

Reuters pointed out in the report that the new regulations prohibit Amazon and India's largest e-commerce company, Flipkart, from signing an exclusive agreement with the seller, limiting their ability to sell at a discount and prohibiting them from selling through their own equity suppliers. commodity. This means that these companies are limited in the way they do business in India's fast-growing online market, and the total value of this market by 2027 is expected to reach $200 billion.

The United States and India have long been in the economic and trade field. It is reported that in 2018, the Indian government announced a proposal to force foreign e-commerce and Internet service providers to store data locally in India, and impose higher tariffs on electronic products and smart phones, which was strongly opposed by many US lobbying teams. . Earlier, the United States also protested India’s decision to limit the price of medical devices.


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