It Agreement Wto

Chart 5 EXPANSION of the ITA: Tariffs on products covered by the agreement The Information Technology Agreement (ITA) is a multi-lateral agreement, obtained by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in Information Technology Products and entered into force on 1 July 1997. Since 1997, an official WTO committee has overseed the following declaration and its implementation. [2] The agreement was extended in 2015. [3] After 17 rounds of negotiations, negotiators on Saturday 18 July 2015 moved closer to an agreement on a list of products for the expansion of the ITA and a draft declaration specifying the implementation of the agreement. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. The agreement also provides for the obligation to remove non-tariff barriers in the information technology sector and to review the list of products covered to determine whether further enlargement may be necessary to take account of future technological developments. Under the agreement, most tariffs on the 201 products will be abolished within three years, with reductions starting in 2016. By the end of October 2015, each of the participating members will present the other participants with a draft timetable specifying compliance with the terms of the agreement. Participants will spend the next few months preparing and reviewing these calendars. The aim is to complete this technical work in due course before the Ministerial Conference in Nairobi in December. Figure 2 Expansion of the ITA: estimated value of trade covered by the agreement, according to members, 2011-2013 According to a 2017 study in the World Trade Review, ITA 2015 is „the most successful attempt at trade liberalization under the auspices of the WTO since its inception in 1995“.

[3] The study attributes the success of the negotiations to four factors: „a narrower scope without a single approach for business, a negotiating group that included many but not all WTO members, the focus on tariffs rather than non-tariff barriers and the prevention of nationalist opposition.“ [3] The first and largest tariff liberalization regime negotiated within the WTO after its creation in 1995 resulted in the removal of import tariffs on products that were estimated to have amounted to US$1.6 trillion in 2013, almost three times more than when it was signed in 1996. The information technology sector is one of the fastest growing sectors in world trade. Today, trade in these products accounts for about 10% of the world`s merchandise exports. Online search papers General documents on ITA carry the document code G/IT / ( where takes additional values). These links open a new window: Allow a moment for the results to appear. The initial Information Technology Agreement (ITA) was concluded on 13 December 1996 at the first WTO Ministerial Conference in Singapore with a „Ministerial Declaration on Trade in Information Technology Products“. The e-commerce team provides general trade and policy analysis and research, including analysis of e-commerce laws and initiatives abroad and participation in international discussions to promote a global political environment conducive to the growth of e-commerce. IT teams actively support the efforts of IT companies in the United States to expand their business opportunities abroad.

As specialists in information technology and telecommunications, our employees advise U.S. and telecommunications companies on market conditions abroad and on the practical aspects of exporting IT and telecommunications products and services. Identify market barriers, as they affect exports of information and telecommunications technologies; and work closely with the U.S. Trade Representative to neg

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