"I have always been skeptical of the value of the WTO, and this week's conference confirmed that this organization will play only a limited role in future global trade policy efforts."
"The four-day Ministerial Conference (MC14) of the WTO ended in an impasse on Monday with no major deals and a public display of deep divisions."
"Since 1998, a WTO moratorium has exempted cross-border digital transmissions, including digital downloads and streaming, from taxes."
"Greer said on Monday that he has secured commitments from dozens of countries not to impose tariffs on US digital transmissions."
The WTO's Ministerial Conference ended without agreement on extending the moratorium on customs duties for e-commerce, which lapsed for the first time since 1998. The US and Brazil were unable to reach a consensus, leading to a deadlock. The US sought a permanent extension, while Brazil proposed a four-year extension with a mid-term review. Ultimately, Brazil and Turkey blocked the extension. US Trade Representative Jamieson Greer expressed skepticism about the WTO's future role in global trade and indicated plans to pursue alternative agreements with other countries.
Read at www.dw.com
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