US and Allies Propose Independent E-Commerce Pact

The United States and several partners are planning a separate moratorium on e-commerce duties following opposition from Brazil and Turkey at the WTO. A draft proposal suggests maintaining the ban on electronic transmission tariffs among co-sponsors to ensure digital trade predictability.

Xurve View

The United States and allies will propose a plurilateral pact to maintain zero duties on digital trade if WTO deadlock continues. The move follows a March meeting in Cameroon where members failed to renew a 1998 moratorium on electronic transmissions. A lapse in the global agreement threatens predictability for cross-border streaming and software downloads worth billions in digital trade.

The Push for a Digital Trade Safety Net

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.