Tags

, , , , , , , , , , , ,

Last night, we reached a breakthrough in our ongoing efforts to expand the Information Technology Agreement [ITA]. This is a WTO agreement that eliminates tariffs on high-tech products among 54 economies, including the U.S. and China….it shows that the U.S. and China work together to both advance our bilateral economic agenda, but also to support the multilateral trading system.”

–U.S. Trade Representative Michael Froman, November, 2014

ITA’s completion is a major win for American technology exporters and a step forward for President Obama’s Middle Class Economics trade agenda.”

–Office of the U.S. Trade Representative, July, 2015

Nearly five months after 54 WTO member economies agreed to expand the scope of duty-free products under the Information Technology Agreement (ITA), China has not pared down the number of products that it wants to keep tariffs on for an extended period of five to seven years.”

South China Morning Post, December 11, 2015

(Sources: “What They’re Saying: Breakthrough in Negotiations of the WTO Information Technology Agreement,” Tradewinds: The Official Blog of the United States Trade Representative, Press Office, Office of the United States Trade Representative, November, 2014, https://ustr.gov/tradewinds/2014/November/What-Theyre-Saying-Breakthrough-in-Negotiations-of-WTO-Information-Technology-Agreement; “U.S. Lead WTO Partners in Clinching Landmark Expansion of Information Technology Agreement,” Press Release, Press Office, Office of the United States Trade Representative, July, 2015, https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/july/us-leads-wto-partners-clinching#; and “China ‘has not budged an inch’: Beijing urged to make changes to global tariff-cut deal on ICT products ahead of WTO meet,” by Bien Perez, South China Morning Post, December 11, 2015, http://www.scmp.com/tech/innovation/article/1889830/china-has-not-budged-inch-beijing-urged-make-changes-global-tariff)

Advertisements