US and 18 Nations Form E-Commerce Pact After WTO Deadlock
Nineteen WTO members including the U.S. and Japan launched a private agreement to maintain duty-free electronic transmissions after Brazil blocked a global moratorium extension. The pact takes effect on May 8 to provide business certainty despite broader concerns regarding the relevance of the WTO.
Xurve View
Xurve View
The United States and 18 other nations launched a pact to ban duties on cross-border e-commerce. The agreement follows a deadlock at the World Trade Organization after Brazil blocked a four-year extension of a global moratorium. The group committed to maintaining zero duties on electronic transmissions for an unspecified period.
