ecommerce-istock

Although it is still far from agreeing to a US attempt to make it permanent, India has hinted that it may abandon its objection to the extension of a worldwide pact not to impose tariffs on electronic transmissions like digital downloads, according to diplomats.

During a World Trade Organization meeting in Cameroon this week, India’s Commerce Minister Piyush Goyal questioned US efforts to indefinitely extend the ban, which is scheduled to expire this month, on Thursday, stating that it needed “careful reconsideration.

However, in the first indication of a shift in its stance ahead of the WTO conference on the subject on Saturday, India told WTO members late on Friday night that it would consent to a two-year extension, according to two senior diplomatic sources. However, it is uncertain whether the United States would be satisfied with a short-term extension. On Thursday, US Trade Representative Jamieson Greer stated that Washington was only interested in a permanent renewal of the embargo. At the conference’s start, he addressed the delegates, “This is the lowest of low-hanging fruit.

Also Read:

Mohamed and Faris Offer Prayers for the Safety and Security of the UAE

Hesham Abboud: Delivering Scalable AI-powered Software Solutions for Businesses with AImpulse.io

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.