WTO

WTO agrees to extend ecommerce tariff exemption for 2 more years

Boost for trade body though progress lacking on overfishing and aid for farmers

World Trade Organization members clinched a deal on Friday night to continue to exempt ecommerce from tariffs for another two years after India and South Africa dropped their opposition following five days of talks.

The moratorium, which is traditionally renewed every two years, was backed by almost all governments and businesses.

The deal at a biennial ministerial conference is a boost to the WTO, which has struggled to contain rising protectionism and the use of subsidies by the US, China and other global powers.

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