Electronic Transmissions Tariff Exemption Extension Fails, US and 19 Other Nations Sign Plurilateral Agreement
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The World Trade Organization's 'temporary tariff exemption for electronic transmissions' multilateral agreement failed due to Brazil's firm opposition. A document released today shows that the US and over a dozen other countries, including Japan, South Korea, and Singapore, have signed a self-arranged plurilateral agreement, committing not to impose tariffs on e-commerce.