You will have the best rules for e-commerce: Piyush Goyal : Union trade minister Piyush Goyal, who was in Dubai to launch the Indian stadium at Dubai Expo 2020 and strengthen relations with the UAE, said in an interview with Mint’s Asit Ranjan Mishra that the government would work to balance the interests of consumers and superiors. local companies before notifying you of e-commerce rules. Edited quotes:
Since the United Arab Emirates is a trading post and not an important non-oil producer, do you not think that the abolition of prices on our part will lead to the disposal of goods on a rotating route?
The laws of the “traditional country” will be very clear and well explained. The UAE government has assured me that they are not looking at the FTA (free trade agreement) with India to encourage anyone to misuse it. those seeking FTA benefits will need a country of origin certificate.The UAE will ensure that real goods are imported.
In a recent interview with Mint, the UAE trade minister said there would be no further talks after the agreement was signed six months later, while India indicated it would be a smaller trade agreement and the used trade agreement would be signed later? If we can sign a full contract in six months, then it would be better than anything else. Why do we do so for a while if we can complete the FTA? So we work on both. If we can complete the full contract, we will be happy.
We agreed to make a complete FTA. But if it takes time, then we can consider negotiating a full FTA over time.
But do you think negotiating the FTA in three months and signing in six months is possible?
Of course three months is hard work, but our officials are working hard. We are committed to both full-time officials sitting down, discussing and finalizing things. Prime Minister Modi and his superior Prince of Crown are best friends. That trust makes all the difference. Negotiations on proposed e-commerce rules began a few months ago. Have you been able to reach an agreement with the finance department and other opponents of much of its provision?
This is a consultation process. Ministers give their comments, and then there is a debate, and in that discussion, we will have the best rules to apply.
How soon will e-commerce rules be notified?
We have not set a deadline; we are in discussions and discussions with all stakeholders because, after all, consumer interests must be protected.
One cannot walk with the interest of only one category. Buyers and retailers have adopted these rules. There is some concern for large companies. I have to weigh all the interests so that equal profit is available to everyone. Many local players objected to asking why they should be modeled on the market where FDI limits apply. All of this is for the good inputs we have received.
If any improvements or clarifications are to be made to these rules, we would be very happy to make them. There is a market model, and there is an innovation model. We need to describe it differently and appropriately. But remember, these are just some of the laws that protect consumers. They will work for all (domestic and foreign e-commerce players).
The idea behind the rules is that the consumer does not get into trouble or lose over time. We must protect the interests of consumers in the years to come. These decisions are not based on current trends. For example, there is a discussion about pricing. Today, they can sell something very cheap. But over time, after the removal of the competition, the buyer will suffer. If the price is reduced by the supplier himself, that is understandable. But if it is sponsored by a consultant, it means it is wrong
You have held negotiations on high shipping costs. What short-term and long-term measures are the government considering in this regard?
We have been talking to ship companies to increase the number of ships arriving in Indian ports, increasing the availability of containers by bringing empty containers and if necessary. We strive to ensure that any container in the country that can be used or stored for a long time is leased immediately for export. But these are steps we must take in consultation with the shipping sector and the department more.
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