WTO marks 20 years of the Information Technology Agreement (ITA)
World Trade Organisation
June 27, 2017
To
commemorate the 20th anniversary of the ITA, the WTO launched a new
publication today (27 June) entitled “20 Years of the Information
Technology Agreement: Boosting trade, innovation and digital
connectivity”. The publication describes how this agreement has evolved
over the past two decades and the significant impact it has had on
worldwide trade in IT products.
The
ITA entered into force in July 1997. Since then, it has committed
participants in the Agreement to eliminate tariffs on a wide range of IT
products with a current annual value of approximately US$ 1.7 trillion.
Its membership has grown to 82 WTO members, which currently cover 97
per cent of world trade in ITA products.
Since
the elimination of tariffs is included in their WTO schedules of
commitments, ITA participants have extended duty-free treatment to all
members on a most-favoured nation (MFN) basis, thereby bringing the
benefits of the Agreement to the entire WTO membership.
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