Piyush Goyal says India backs WTO electronic transmissions moratorium extension
Business
India is on board with extending the WTO's duty moratorium on electronic transmissions, a move meant to keep online businesses predictable for everyone.
Commerce & Industry Minister Piyush Goyal shared the update at a media briefing on Thursday, but not everyone is happy: Brazil and Turkey are pushing back.
India conditions extension on safeguards
India says it will only agree if certain safeguards are in place, like linking this extension to other trade rules and making sure any side deals have legal protections.
Meanwhile, the US wants the moratorium to last until 2030, but countries like Bangladesh and Turkey prefer shorter extensions.
With talks stuck, there is even talk of a smaller group deal, but India is cautious and wants clear rules before signing up.