India is not in favour of further continuation of moratorium on customs duties on e-commerce trade at the WTO's meeting in Abu Dhabi later this month as it is impacting the developing countries, an official said on Tuesday. The official said that there is a work programme on e-commerce trade and the members of the World Trade Organisation (WTO) should continue to discuss the issue under that. "We are not in favour of extension. We are in favour of continuation of the work programme. There is a need to look at the subject from a development dimension and not from the eyes of big tech companies," the official said. There is a need to discuss the scope of moratorium as there are revenue implications because of it. As per estimates, the potential tariff revenue losses to the developing countries are about USD 10 billion every year. For India, it could be over USD 500 million every year. "There is a need for a clear definition of e-commerce trade. We need policy space for the sector," Read The Rest at :