00:00The 14th WTO ministerial conference in Cameroon ended an impasse on Monday over the e-commerce meritorium,
00:07a global agreement that keeps countries from tariffing digital content crossing borders.
00:12With the agreement now expired after 28 years, the organization said it needs more time
00:17and talks are expected to resume in Geneva in May.
00:20And I think we just need to continue the work so we can get the last few members together around
00:28a landing zone,
00:30as we call it in our trade negotiations, and we think that can be achieved if we give it more
00:36time.
00:37The agreement was deadlocked over the extension's length.
00:40Countries with strong digital economies, like the U.S., favor a permanent deal,
00:45while countries like Brazil prefer a temporary deal to preserve tax revenue.
00:49Washington expressed disappointment over what he sees as the WTO's diminishing role,
00:54while others' voice consents about digital trade growth.
00:57If it's not extended, I think that could cause a huge disruption in this rapidly exploding digital trade.
01:07This is not efficient. I think this is not the way it should be operated.
01:12So providing more predictability and stability.
01:19With a longer time horizon to the private sector, I think this is what you should be doing.
01:25Especially in this era of AI revolution and then, you know, fast this digital trade transformation.
01:33Taiwan skipped the conference after it was listed as a, quote, province of China,
01:37with Taipei condemning Cameroon for violating its WTO membership rights,
01:42was little achieved at the meeting.
01:44A dozen WTO members are forwarding alternative digital rules among themselves to keep the trade moving.
01:50And they share an IT for Taiwan Plus.
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