- India is unlikely to extend the moratorium on customs duties on electronic transmissions at the WTO’s 13th Ministerial Conference
- Developing countries lose an estimated $10 billion every year in revenue losses because of the moratorium
- The scope of the moratorium includes digitized products, with developed nations benefiting at the expense of developing nations
- A China-led group of 130 countries is pushing for the Investment Facilitation for Development (IFD) proposal
- India is strongly opposed to the IFD proposal, as it could alter the scope of the multilateral forum and encroach on policy space.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
