Wto Agreement On Information Technology

The United States and more than 50 WTO members reached an agreement to expand the list of ICT products subject to tariff abolition in 2015. This agreement, called “ITA enlargement,” builds on the 1996 ITA and requires the parties to phase out hundreds of tariffs on additional ict products. The expansion of the ITA requires the removal of tariffs on a list of 201 products, including advanced semiconductors, high-tech medical devices, global positioning systems, software media, video game consoles and high-tech ict testing tools. As part of the expansion of the ITA, more than $180 billion in technology exports to the United States will no longer face tariffs on key markets around the world. The removal of tariffs leads to lower transaction costs, better market access, increased sales and increased export revenues. The Information Technology Agreement is a multi-lateral agreement to remove tariffs on certain information and communication technology (ICT) products. ITA covers a wide range of ICT products, including computers and computer devices, electronic components such as semiconductors, computer software, telecommunications equipment, semiconductor manufacturing equipment and computerized analysis tools. To date, 82 WTO members are members of it, representing 97% of the world`s trade in ICT products. Under the Information Technology Agreement, commonly known as ITA, participants removed all import duties on a wide range of computer products. Below is a list of current signatory countries, which account for about 95% of global trade in COMPUTER products, and a list of the few countries that have been allowed to delay their tariff reductions for a handful of products. Today, after the recent accession of the Republic of Seychelles, ITA now has 81 WTO members, representing about 97% of the world`s trade in computer products. The aim of the treaty is to reduce all taxes and tariffs on information technology products by the signatories to zero.

[2] In the WTO`s Analytical Index of Law and Practice Guide, you will find the decisions of WTO bodies on the Information Technology Agreement. ItA covers a large number of high-tech products, including computers, telecommunications equipment, semiconductors, semiconductor manufacturing and control equipment, software, scientific instruments and most parts and accessories of these products.