What Is Information Technology Agreement

April 15, 2021 – 8:25 pm

The WTO Information Technology Agreement (ITA), which removes information and communication technology (ICT) tariffs, was long revalued last year, when 24 participants representing 53 WTO members said they were ready to almost double the products contained in the agreement. 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. 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. As of July 2015, it had 80 participants, or about 97% of the world`s trade in COMPUTER products. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement.

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. 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. 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. 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. Chart 2 ITA Expansion: Estimated Value of Trade Covered by the Agreement, per Member, 2011-2013 The Information Technology Agreement (ITA) is a multilateral agreement adopted by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in it-tech products and came 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] This agreement may benefit any company wishing to export one of the computer products covered in the agreement to one of the signatory states. The removal of tariffs leads to lower transaction costs, better market access, increased sales and increased export revenues.

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