ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

The WTO should permanently rule out taxing digital goods

There are better ways to raise revenue on nonphysical products

| East Asia
A closing session of a World Trade Organization Ministerial Conference in Geneva on June 17: The WTO Moratorium was scheduled to lapse at the conference in Geneva but was extended.   © Reuters

Craig Burchell is senior vice president of global policy at Huawei Technologies. Based in Shenzhen, China, he is a former head of global trade and market access at Philips Electronics.

Any action that adds to the uncertainty of the world's economy should be taken with extreme care. Yet last week, members of the World Trade Organization came perilously close to dropping a key agreement that helps countries grow their digital economies. This would have potentially hurt small businesses while adding risk and complexity to the digital dimension of the global trading system.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more