WTO suffers fresh blow as ecommerce reform push hits a wall at Cameroon meeting
News Source : CNA
News Summary
- The four-day ministerial talks in Cameroon's capital Yaounde ended in the early hours.
- Brazil blocked a bid by the United States and others to prolong a moratorium on duties for electronic transmissions such as digital downloads and streaming.
- The failure to reach a joint decision was described as a "major setback for global trade" by Britain's Business and Trade Secretary Peter Kyle.
- Singapore, which led the successful adoption of interim arrangements for the WTO e-commerce agreement, said it deeply regretted that a consensus could not be reached.
YAOUNDE World Trade Organization (WTO) talks broke up on Monday (Mar 30) with no agreement on a plan for reform or even on extending a moratorium on ecommerce, piling more pressure on the trade bod [+3006 chars]
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