Geneva: World Trade Organisation (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.
###
Sign up for the Business Brief###
Sign up for the Business Brief