
WTO members reached a provisional deal last night to extend a moratorium on applying duties to electronic transmissions until the next ministerial meeting, likely to be in 2023
The prospect of ending the moratorium, which has exempted data flows from cross-border tariffs since 1998, has raised major concerns among businesses.
It specified that the moratorium would expire in March 2024, should the next conference be postponed.
The provisional deal still needs to be backed by the body’s 164 members.
India, Indonesia, Sri Lanka, Pakistan, and South Africa had threatened to block an extension earlier in the five-day ministerial conference.
This report’s information was first seen on Reuters; to read more, click this link.
You must be logged in to post a comment.