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India Leads Efforts To Lift WTO Ban On Tariffs For Digital Goods
  • 09/12/2019
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India Leads Efforts To Lift WTO Ban On Tariffs For Digital Goods

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Descripción de India Leads Efforts To Lift WTO Ban On Tariffs For Digital Goods

The ban has been in place since 1988 and is renewed by the member countries of the World Trade Organisation (WTO) every year. Without the ban, the governments will be allowed to impose tariff on any digital goods in trade, helping them generate additional revenue. The Reuters’ report suggests that developing countries suffer the most revenue loss due to ban on the tariffs. A report by UN note that the potential annual tariff revenue losses could be somewhere around $10.4 Bn a year at the top of the scale. Similarly, South Africa will lose 15 times more GDP, where as Indonesia and China will lose 160 and 7 times more GDP. | To read full story, visit https://startuparound.com/read/1575846153.451659/India-Leads-Efforts-To-Lift-WTO-Ban-On-Tariffs-For-Digital-Goods?ref=audio_experience

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