Tariffs on these products will be eliminated in stages, reaching zero no later than 2005.Īs of July 2015, the ITA covered 80 participants, representing approximately 97 percent of world trade in information technology products.ĭisputes under the Information Technology Agreement can be resolved through the WTO’s dispute settlement process, which is described in the Trade Guide to the WTO Understanding on the Settlement of Disputes. Original ITA signatories that were allowed to maintain tariffs on a handful of products beyond January 1, 2000, are Taiwan, Costa Rica, India, Indonesia, South Korea, Malaysia and Thailand. Link to the the WTO’s Information Technology Agreement web site for a current list of signatories. The Agreement invites all WTO-member countries and all countries in the process of acceding to the WTO to become ITA members. The ITA Committee in the WTO has also initiated work on non-tariff measures affecting the sector. In recognition of the rapid advances in IT technology, the Agreement calls for an annual product review to expand coverage to new products. The wide range of information technology products on which duties have been eliminated under this Agreement are listed in Attachments A and B to the Agreement’s Annex. The elimination of duties promotes reduced transaction costs, greater market access, increased sales and enhanced export revenues. This Agreement can benefit any company that wishes to export any of the information technology products specified in the Agreement to any of the signatory countries. The ITA was negotiated under the World Trade Organization (WTO) and was signed at a WTO Ministerial Conference in Singapore on December 13, 1996. The six main categories of goods receiving duty-free status are computers, telecommunications equipment, semiconductors, semiconductor manufacturing equipment, software, and scientific equipment. A list of the current signatory countries, which account for approximately 95 per cent of world trade in IT products, and a list of the few countries that have been allowed to delay their duty reductions on a handful of products, can be found below. Under the Information Technology Agreement, commonly known as the ITA, participants have eliminated all import duties on a wide range of information technology (IT) products. WTO INFORMATION TECHNOLOGY AGREEMENT What is this Agreement and what does it do? Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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