The World Trade Organization (WTO) has extended the moratorium on imposing tariffs on electronic transmissions for an additional two years, according to a draft document released by the WTO. This decision was made to continue the current practice of not taxing e-commerce transactions, which has been in place since 1998.
The moratorium was initially set to expire at the end of 2019, but the new extension will now keep it in place until at least 2021. This move is seen as a way to support the growth of digital trade and e-commerce, which have become increasingly important in the global economy.
