Moratorium on Digitisable Products: Impact on Developing Countries
Dr Dinesh Kumar, Research Associate, RIS With the acceleration of digitalization of the global economy, more and more digitisable products are leaving their tangible forms and are being traded online. This technology-enabled trade in digitisable products, particularly electronic transmission, got significant expansion even during the ongoing COVID19 pandemic. Given the way new technologies such as 3D printing (Remote Additive Manufacturing), robotics, artificial intelligence (AI) etc, are unfolding around the world economy, more and more products are being traded digitally. The current practice of moratorium on electronic transmission i.e., not imposing custom tariffs, has considerable implications for developing countries in relation to custom revenue; fiscal and policy space for protecting and providing level-playing field to domestic producers; and export competitiveness. The final decision on whether or not the moratorium should continue would be taken at the 12th WTO...