WTO Set to Debate Tariffs on $26.7 Trillion in Global E-Commerce
- A 1998 ban on digital duties is on agenda for talks in Geneva
- Business groups worry new tariffs may ‘break the internet’
The WTO’s e-commerce agenda dates back to 1998, when nations agreed to avoid taxing the then-fledgling market.
Source: Getty Images
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For the past quarter century, the meteoric rise of the digital economy has been exempt from the kind of tariffs that apply to trade in physical goods.