April 22, 2016
At its meeting on April 18, 2016 the World Trade Organization's (WTO) Committee on the Information Technology Agreement (ITA) heard reports about current preparations for implementation of the Expansion of Trade in IT Products.
In addition to reviewing the status of implementation of the December ministerial declaration on trade in ITA products and the current work on non-tariff barriers, the Committee also approved (subject to final ratification) the classification of an additional 15 items for which there were classification divergences.
The expansion of the ITA eliminates tariffs on 201 IT products valued at over $1.3 trillion per year. Negotiations were conducted by over 50 WTO members but all 162 WTO members will benefit from the Agreement as they will all enjoy duty-free market access to the markets of the members eliminating tariffs on these products.
The first set of tariff cuts are to be implemented on July 1, 2016 and the second set no later than July 1, 2017, with successive reductions taking place on July 1, 2018 and effective elimination no later than July 1, 2019.
Link: List of participants and Schedules of concessions