Information Technology Agreement
Date Posted: September 23, 2021 by admin
The Information Technology Agreement is a plurilateral agreement to eliminate tariffs on certain information and communication technology (ICT) products. The ITA covers a wide range of ICT products, including computers and permealing devices, electronic components, including semiconductors, computer software, telecommunications equipment, semiconductor manufacturing facilities and computer analysis tools. To date, 82 WTO members participate in the ITA, accounting for 97% of global trade in ICT products. Under the Information Technology Agreement, commonly known as the ITA, participants removed all import duties on a wide range of IT products. Below is a list of the current signatory countries, which account for about 95% of global trade in computer products, and a list of the few countries allowed to postpone their tariff reductions for a handful of products. Decisions of WTO bodies concerning the Information Technology Agreement are available in the Guide to the Analytical Index to WTO Law and Practice Policy. The ITA covers a large number of high-tech products, including computers, telecommunications equipment, semiconductors, semiconductor manufacturing and testing equipment, software, scientific instruments, and most parts and accessories of these products. Figure 2 ITA Expansion: Estimated Value of Trade Covered by the Agreement, by Member, 2011-2013 You can also visit the following websites for more information on the ITA: Under the terms of the agreement, the majority of tariffs on 201 products will be eliminated within three years, with reductions from 2016. By the end of October 2015, each of the participating members will present to the other participants a draft timetable specifying how the conditions of the agreement will be met. Participants will spend the coming months preparing and reviewing these calendars. The aim is to complete this technical work in good time before the Nairobi Ministerial Conference in December. The wto Information Technology Agreement homepage allows U.S. exporters of computer products to get more details about the agreement.
18 of the 24 participants in the expanded ITA implemented the agreement on 1 November. In particular, it should be noted that China presented its commitments to the WTO on 26 October 2016, which should strongly encourage the remaining members to swiftly implement the agreement fully. The Designated Monitoring Officer can also provide you with additional information and contacts. Figure 5 Expansion of the ITA: Highest value tax applied to products covered by the agreement The objective of the agreement is to reduce to zero all taxes and customs duties applied to information technology products by the signatories.  As of July 2015, the ITA had 80 participants representing approximately 97% of global trade in information technology products. The Information Technology Agreement (ITA) is a plurilateral agreement implemented 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, a formal WTO committee has been monitoring the declaration and its implementation.  The agreement was extended in 2015.  This Agreement may benefit any company wishing to export to one of the signatory countries one of the IT products mentioned in the Agreement. The elimination of tariffs promotes lower transaction costs, better market access, higher sales and higher export earnings….