EU Raises Data Privacy Concerns over Proposed G20 MSME Portal

economictimes.indiatimes.com:

European Union has raised data privacy concerns at the meta information portal that India has proposed for the micro, small and medium enterprises (MSME) of the G20 countries. The portal is sought to have details of MSMEs of every G20 member including the sectors and products they deal with. Establishing an online digital portal is crucial as it would offer integrated research, trade and business information for market research by the MSMEs. «Some members, including the EU, have raised data privacy concerns. They have asked how will the portal and data be managed,» said an official. Officials said that setting up the MSME portal is one of the three high-ambition goals, an outcome on which is being seen at the upcoming G20 Trade and Investment Ministerial meeting in Jaipur from August 24 to 25.

Cultivating innovation: The role of IBC in nurturing India's entrepreneurial ecosystem

Banks told to look into MSME loan rejections

High-level India-EU meetings this month to boost FTA talks

India has identified five priority issues — growth and prosperity, resilient global value chains, MSMEs, logistics, and World Trade Organization (WTO) reform — under its G20 presidency from December 1, 2022 to November 30, 2023. «They don't want to share data but are more or less on board. Modalities are being worked out and 80% of the issues are resolved,» the official added. As per the official, virtual negotiations are going on for all the issues and five annexes are likely to be a part of the ministers' communique. Some G20 members have also had apprehensions with the digitisation goal, which involves transparency provisions. India had