Ita Agreement Wto

Under the terms of the agreement, the majority of tariffs on 201 products will be eliminated within three years, with reductions 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. After 17 rounds of negotiations on Saturday 18 July 2015, negotiators moved closer to an agreement on a list of products for an extension of the ITA and a draft declaration clarifying how the agreement will be implemented. In 2012, some ITA participants began submitting proposals to include additional products in the ITA. Figure 2 Expansion of the ITA: Estimated value of trade covered by the agreement, by member, 2011-2013 The agreement also includes the obligation to remove non-tariff barriers in the information technology sector and to review the list of products covered to determine whether further expansion might be necessary to reflect future technological developments. Figure 5 ITA Enlargement: Highest Quality Tax Applied on Products Covered by the Agreement Consult the decisions of WTO bodies concerning the Information Technology Agreement in the Guide to the Analytical Index to WTO Law and Practice. 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. [2] The agreement was extended in 2015. [3] Browse online documents These links open a new window: Leave a moment before the results are displayed. The full text of the WTO Information Technology Agreement is available in the Office of Trade Agreements Negotiations and Compliance`s WTO Agreements Database. Over the past 20 years, the Information Technology Agreement (ITA) has improved global access to high-tech goods such as computers, mobile phones and semiconductors. On the occasion of ita`s 20th anniversary, this publication analyses the impact of the ITA on its participants and global trade in IT products and shows how the agreement has not only made high-tech products more affordable, but has also helped to promote innovation and support the integration of developing countries into global production networks. The first and largest customs liberalization agreement negotiated within the WTO after its creation in 1995 led to the elimination of import duties on products estimated at $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 of world trade. Today, trade in these products accounts for about 10% of global merchandise exports. .

. .

1 month ago