Established in 1997, the original ITA has been a blessing for itCs` global trade, from $1.2 trillion before the agreement to more than $5 trillion today. The United States and more than 50 WTO members reached an agreement to expand the list of ICT products subject to tariff abolition in 2015. This agreement, called “ITA enlargement,” builds on the 1996 ITA and requires the parties to phase out hundreds of tariffs on additional ict products. The expansion of the ITA requires the removal of tariffs on a list of 201 products, including advanced semiconductors, high-tech medical devices, global positioning systems, software media, video game consoles and high-tech ict testing tools. As part of the expansion of the ITA, more than 180 billion U.S. technology exports per year will be made. USD should no longer face tariffs in key markets around the world Chart 5 ITA Expansion: Applied MFN Duty on products covered by the Agreement Chart 2 ITA Expansion: estimated value of trade under the agreement, according to members, 2011-2013 The WTO Information Technology Agreement (ITA) that removes tariffs on information and communication technologies (ICT). last year, 24 participants representing 53 WTO members said they were ready to almost double the products contained in the agreement. After 17 rounds of negotiations, negotiators agreed on Saturday, July 18, 2015 on a list of products for the expansion of it, as well as a draft declaration defining the implementation of the agreement. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. 18 of the 24 participants in the expanded ITA implemented the agreement on 1 November. In particular, China submitted its commitments to the WTO on 26 October 2016, which should strongly encourage the remaining members to implement the agreement in its entirety.
The Information Technology Agreement is a multi-lateral agreement to remove tariffs on certain information and communication technology (ICT) products. ITA covers a wide range of ICT products, including computers and computer devices, electronic components such as semiconductors, computer software, telecommunications equipment, semiconductor manufacturing equipment and computerized analysis tools. To date, 82 WTO members are members of it, representing 97% of the world`s trade in ICT products. Under the agreement, most tariffs on the 201 products will be abolished within three years, with reductions starting in 2016. By the end of October 2015, each of the participating members will present the other participants with a draft timetable specifying compliance with the terms of the agreement. Participants will spend the next few months preparing and reviewing these calendars. The aim is to complete this technical work in due course before the Ministerial Conference in Nairobi in December.