India urges WTO to reconsider e-commerce customs duty moratorium

• India calls on WTO to re-evaluate the moratorium on customs duties on electronic transmissions at MC-14 in Cameroon.
• Developing countries face a potential tariff revenue loss of $10 billion/year due to the moratorium, with India's loss exceeding $500 million/year.
• Commerce and Industry Minister Piyush Goyal highlighted the lack of common understanding on the moratorium's scope and its significant implications.
• The moratorium, in place since 1998, prevents countries from levying customs duties on electronic transmissions.
• India emphasizes the need to discuss the moratorium's scope, revenue implications, and a clear definition of e-commerce trade, especially as physical goods become digitized.