10 Questions
What was the decision made by the WTO-MC in 1998 regarding customs duty on electronic transmission?
Imposition of customs duty on electronic transmission was prohibited.
Which countries have been leading the charge against the moratorium on customs duty on electronic transmission?
India, China, and others.
What was the estimated loss in tariff income for poor countries between 2017 and 2020 due to the moratorium?
USD 50 billion on 49 digital import items.
Why do developed countries want the moratorium on customs duty on electronic transmission to continue?
Because they are the major exporters and benefit the most from the moratorium.
What was the estimated loss for India between 2011 and 2017 due to the moratorium, according to Banga (2019)?
USD 497 million.
What was the outcome of the discussion on the moratorium at the MC12 meeting?
No agreement was reached, and the moratorium was extended until MC13 or March 31, 2024, whichever comes first.
What is the main argument made by developing countries against the moratorium?
They are losing revenue due to the moratorium, as they are major importers.
When did the issue of the moratorium on customs duty on electronic transmission first come up for discussion at the WTO?
At the WTO-MC12 in June 2022.
What is the estimated annual loss in customs duty revenue for India due to the moratorium, according to Banga (2019)?
Not provided in the passage.
What is the reason behind the criticism of the moratorium by developing countries?
They feel it benefits developed countries more, as they are major exporters.
Test your knowledge on the digital economy landscape of Bangladesh, including its components, growth, and market trends. Explore the country's e-commerce sector, digital services, and global business presence. Assess your understanding of the Bangladesh B2C E-commerce Market Report and its findings.
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