Wto Information Technology Agreement Pdf

Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. The Office of Health and Information Technologies (OHIT), headquartered in the International Trade Administration, helps 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. The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement. The designated controller can also provide you with additional information and contacts. 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 wide range of computer products for which tariffs have been removed under this agreement is contained in Schedules A and B of the Annex of the Agreement. Recognizing the rapid advances in computer technology, the agreement calls for an annual product review to extend coverage to new products. The WTO ITA Committee has also begun work on non-tariff measures for the sector.

The aim of the treaty is to reduce all taxes and tariffs on information technology products by the signatories to zero. [2] You can also visit the following websites for more information about ITA: As part of the Information Technology Agreement, commonly known as ITA, participants have removed all import duties on a wide range of computer products (IT). Below is a list of current signatory countries, which account for about 95% of global trade in COMPUTER products, and a list of the few countries that have been allowed to delay their tariff reductions for a handful of products. 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.