Wto And Tariff Revenue Implications Of E-commerceWith the rapid growth of cross-border e-commerce, many products that have been traded in physical or tangible format in the past are now imported digitally. This raises various tariff revenue issues because the World Trade Organization (WTO) members, at the 1998 Geneva Ministerial Conference, agreed to a temporary moratorium on customs duties for all products delivered over the Internet, which was extended at the 2005 Hong Kong Ministerial Conference and remains in effect.
The following questions have been addressed in this article:What countries are most affected by tariff revenue losses?
Should digitized products be classified as services?
What is the impact of the moratorium on additional import duties and taxes?