WTO provisionally agrees to extend e-commerce tariff moratorium

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GENEVA - WTO members reached a provisional deal on Thursday to extend a moratorium on applying duties to electronic transmissions until the next ministerial meeting, likely to be in 2023, two trade

sources involved in the discussions told Reuters.

"We agree to maintain the current practice of not imposing customs duties on electronic transmissions until MC13 which should ordinarily be held by 31 December 2023," the agreement showed, referring to the next ministerial conference. It specified that the moratorium would expire in March 2024, should the next conference be postponed.

Ministers from more than 100 countries are meeting at the global trade watchdog's headquarters in Geneva this week for the first time in more than four years to thrash out new trade rules - a feat many doubt in an era of high geopolitical tensions. "India is strongly representing its perspective at the WTO to protect the future of every Indian and that of the marginalised," he said on Twitter.

 

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