World Trade Organization (WTO) members agreed on Tuesday to renew a 20-year moratorium on placing tariffs on digital trade for six months, allaying fears that people would have to pay duties on e-books and software for the first time.
“Members agree to maintain the current practice of not imposing customs duties on electronic transmissions until the 12th Ministerial Conference,” the General Council decision showed, referring to a WTO meeting in Kazakhstan in June.
Also Read
-
France ready to take Trump’s tariff threat to WTO: Le Maire
France is ready to go to the World Trade Organization to challenge US President Donald Trump’s threat to put tariffs on champagne and other ... Business -
South Korea to give up developing country status in WTO talks
South Korea will no longer seek special treatment reserved for developing countries by the World Trade Organization in future negotiations given its ... World News -
China seeks $2.4 bln in sanctions against US in Obama-era case: WTO
China is seeking $2.4 billion in retaliatory sanctions against the US for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, ... Economy -
Britain says tariffs are no answer to Airbus dispute after WTO ruling
Britain said tariffs were in no-one’s interest and should not be applied to the UK after a ruling by the World Trade Organization on Wednesday ... Economy
