GENEVA : The global technology industry is pressing the World Trade Organization to exempt data flows from cross-border tariffs, saying a failure to do so would undermine a global recovery already threatened by spiralling prices.
Keisal Peters, trade minister of St Vincent and the Grenadines, who is leading discussions, said at the conference that divergences remained. As time ran out, WTO members should consider meeting halfway, he added. Now India, Indonesia and South Africa were threatening to block an extension, trade sources close to talks at the WTO said. This raises the prospect that tariffs could be imposed on such data flows as music streaming and financial transactions.
Small developing countries, they say, would lose the chance to increase their digital competitiveness without a moratorium.
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