Agreement Ita

The ITA is an important example of the success of the international trade agreement – it has expanded access to computer products that fuel the global economy, lowered prices for businesses and consumers, and enabled innovation and digitization worldwide. Its impact is of concern both to the global information and information technology TECHNOLOGY companies that are members of CCI and to the broader business community, represented by CCI, which benefits from the free trade of these products. Therefore, the ICC opposes all efforts to dissolve the ITA, either in spirit or in the letter, and to undermine the benefits it has brought. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. The Information Technology Agreement (ITA) was concluded in December 1996 as part of the Singapore Ministerial Conference Declaration, held one year after the creation of the World Trade Organization (WTO). It was adopted as a multi-national agreement between 29 WTO members and came into force in 1997 to recognize the “key role of trade in information technology products in the development of the information industry and in the dynamic expansion of the global economy” (ITA Declaration 1996). It essentially implies the obligation for signatories to improve market access opportunities for information technology (ICT) products, including by making tariffs and other tariffs and other duties and taxes of any kind for this category of products mandatory and eliminated. Since its inception in 1997, ITA has grown from 29 to 82 of the current 162 WTO members, but actually covers about 96% of the world`s trade in information technology products (WTO Committee 2015). 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. Chart 5 EXPANSION of the ITA: Tariffs on products covered by the agreement The Information Technology Agreement (ITA) is a multi-lateral agreement, obtained 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, an official WTO committee has overseed the following declaration and its implementation. [2] The agreement was extended in 2015. [3] The Information Technology Agreement (ITA) is a World Trade Organization (WTO) agreement that came into force in 1997.