India pitches re-examination of customs duties moratorium on e-commerce

India said that this emerging segment of the global economy holds the promise for economic development and prosperity for developing countries, including the least developed countries (LDCs).

Abu Dhabi, Feb 29 (PTI) Hectic parleys are on to bridge differences between developed and emerging economies on issues such as agriculture, fisheries subsidies, and e-commerce moratorium and the WTO ministerial meeting is likely to be extended by one day, an official said on Thursday. The official said talks are going on among the member […]

Abu Dhabi, Mar 1 (PTI) The WTO members including India on Friday agreed to extend the moratorium on imposing customs duties on e-commerce trade for two more years, till the next ministerial conference of the World Trade Organisation in 2026, sources said. Certain developing countries were earlier opposed to the move, but as the conference […]

WTO member countries are unlikely to reach a consensus on reforming the dispute settlement system at the upcoming ministerial conference (MC). The differences between developed and developing countries over the issue pose a challenge.

Since the process has not yet been completed, we believe that it is in the best interest that we continue this ecommerce moratorium and ensure that if at all it is found to be necessary, there will be discussions at Geneva to see if there are any areas particularly which need to be covered under the moratorium, otherwise as the decision stands, it will expire at the end of two years or the next ministerial, whichever is earlier, Commerce and industry minister Piyush Goyal.

India Business News: NEW DELHI: India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment m.

India Business News: Trade talks went into extra time as ministers sought to salvage a last-minute deal, with the focus largely on getting an outcome on India's longstanding demand for a solution on public stockholding, and no further extension of the moratorium on e-commerce for electronically sharing movies and books.

The WTO ministerial conference in Abu Dhabi has sparked discussions on reforms to agriculture and fisheries subsidies. Developed countries aim to reshape the institution to favor their interests, impacting dispute resolution, decision-making, and negotiations. Developing countries must safeguard their interests and prevent the dominance of plurilateral agreements.

The debate at the World Trade Organisation's meeting revolves around the e-commerce moratorium for digital media providers like Netflix and Spotify. Major decisions require consensus, and four proposals are being considered. The US industry groups are pushing for the renewal of the moratorium.

International Business News: The Global Trade Research Initiative (GTRI) has suggested that issues related to cryptocurrency should be included in negotiations on e-commerce agree