Technology Agreement

The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement. ItA EXPANSION Chart 5: Tariffs on products covered by the Accor Agreement, see the decisions of WTO bodies on the Information Technology Agreement in the WTO`s Analytical Indexes of Law and Practice Guide. 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. The Information Technology Agreement (ITA) is a multi-lateral agreement implemented by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in It-Tech Products, which 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.

The aim of the treaty is to reduce all taxes and tariffs on information technology products by the signatories to zero. [2] The Office of Health and Information Technologies (OHIT), headquartered in the International Trade Administration, assists 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. Under the Information Technology Agreement, commonly known as ITA, participants removed all import duties on a wide range of computer products.