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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00130-58.1%Nov 14 9:30 AM EST

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To: drmorgan who wrote (12883)2/19/1998 9:42:00 AM
From: Moonray  Read Replies (1) of 22053
 
U.S. Asks WTO Members to Agree on Internet Duty-Free Pact

Geneva, Feb. 19 (Bloomberg) -- U.S. Deputy Trade
Representative Rita Hayes asked World Trade Organization
members to agree to keep the Internet a duty-free area, amid
expectations electronic commerce will increase.

Hayes, speaking at the WTO's General Council Meeting,
asked WTO members to codify existing practices of not levying
any taxes on electronic transmissions, adding that this would
''send the right message to the business community.''

''Electronic commerce will only increase in importance in
the next few years,'' Hayes said, according to a copy of her
speech. ''We can start agreeing on points that do not require
any particular concession by any country,'' she added.

At the moment, no WTO member levies duties on electronic
transmissions. The proposed agreement would not include
information technology products, nor products ordered via the
Internet but delivered through normal commercial channels.

WTO member states earlier this month proposed hundreds of
information technology products for inclusion in a new trade
treaty that could see tariffs on trade worth about $50
billion a year scrapped by 2000.

The first WTO Information Technology Agreement, signed by
41 countries in March 1997, ordered tariffs covering annual
trade worth about $500 billion be scrapped, mostly by 2000.


o~~~ O
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