The World Trade Organization’s efforts to prolong a duty moratorium on e-commerce have hit a critical impasse. Talks are set to continue in Geneva after failing to reach an agreement within the original timeframe, as confirmed by the WTO conference chair on Monday.
The negotiations stalled between key players the United States and Brazil, centered on the moratorium’s extension beyond two years. This deadlock highlights significant divisions within member nations on how to approach digital trade taxation in the foreseeable future.
The WTO aims to reconcile these differences to forge a consensus, ensuring that global e-commerce continues unhampered by additional duties, a move seen as pivotal for international digital commerce growth.
(With inputs from agencies.)