WTO extends ban on tariffs for digital trade, India set to benefit


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.

The moratorium on digital trade worth an estimated $225 billion a year has been in place since 1998, but was due to expire in December and required unanimity at the WTO for renewal. "Members agree to maintain the current practice of not imposing customs duties on electronic transmissions until the.....

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