Information And Technology Agreement

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. The aim of the agreement is to reduce to zero all taxes and customs duties on computer products by the signatories. [2] As of July 2015, the ITA had 80 participants representing approximately 97% of global trade in information technology products. Figure 5 Extension of the ITA: Capital gains tax applied to products covered by the agreement The designated official can also provide you with additional information and contacts. This Agreement may benefit any company wishing to export one of the IT products mentioned in the Agreement to one of the signatory countries. The elimination of tariffs promotes lower transaction costs, better market access, increased sales and increased export earnings. Today, following the recent accession of the Republic of Seychelles, the ITA now has 81 WTO members, representing about 97 per cent of world trade in information technology products. You can also visit the following websites for more information about the ITA: In accordance with the terms of the agreement, most tariffs for 201 products will be removed within three years, with discounts starting in 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 wide range of information technology products for which tariffs have been eliminated under this Agreement are listed in Appendices A and B to the Annex to the Agreement.

Recognizing the rapid advances in computer technology, the agreement calls for an annual review of products to extend coverage to new products. The WTO ITA Committee has also worked on non-tariff measures affecting the sector. 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 states, 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. . . .

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