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Agreement In Information Technology

On 8. April 2021, in Allgemein, by Norman

After 17 rounds of negotiations, negotiators agreed on Saturday, July 18, 2015 on a list of products for the expansion of it, as well as a draft declaration defining the implementation of the agreement. 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. 18 of the 24 participants in the expanded ITA implemented the agreement on 1 November. In particular, China submitted its commitments to the WTO on 26 October 2016, which should strongly encourage the remaining members to implement the agreement in its entirety. As of July 2015, it had 80 participants, or about 97% of the world`s trade in COMPUTER products. Established in 1997, the original ITA has been a blessing for itCs` global trade, from $1.2 trillion before the agreement to more than $5 trillion today. You can also visit the following websites for more information on ITA: Today, after the recent accession of the Republic of Seychelles, the ITA now has 81 WTO members, who account for 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] Chart 2 Expansion of the ITA: estimated value of trade covered by the agreement, per member, 2011-2013 The wide range of computer products for which tariffs have been removed under this agreement is shown in Schedules A and B of the annex to the agreement. Recognizing the rapid advances in computer technology, the agreement calls for an annual product review to extend coverage to new products. The WTO ITA Committee has also begun work on non-tariff measures for the sector. The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement. The Office of Health and Information Technologies (OHIT), headquartered in the International Trade Administration, helps U.S. companies increase international revenues and business opportunities abroad in the areas of health and information technology in the fields of computer and network equipment, microelectronics, telecommunications, instrumentation, medical devices , pharmaceuticals and health technologies, monitoring trade and economic trends in the health and information technology sectors, providing data on global trade and markets, and influencing developments in U.S. trade policy in these sectors.

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.

 

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