Equities

Reuters reveals Walmart told U.S. government India e-commerce rules regressive, warned of trade impact

Reuters reveals Walmart told U.S. government India e-commerce rules regressive, warned of trade impact

Walmart told the U.S. government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. The lobbying effort yielded no result at the time – India implemented the new rules from Feb. 1 – but the document underlines the level of concern at Walmart about the rules. Differences over e-commerce regulations have become one of the biggest issues in frayed trade ties between New Delhi and Washington.