Information Technology Agreement-I

The aim of the treaty is to reduce all taxes and tariffs on information technology products by the signatories to zero. [2] The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to obtain more details about the agreement. ItA covers a large number of high-tech products, including computers, telecommunications equipment, semiconductors, semiconductor manufacturing and control equipment, software, scientific instruments and most parts and accessories of these products. The designated controller can also provide you with additional information and contacts. 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. Under the Information Technology Agreement, commonly known as ITA, participants removed all import duties on a wide range of computer products. 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 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.

Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. 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.