Chart 2 Expansion of the ITA: Estimated value of trade covered by the agreement, per member, 2011-2013 The agreement also provides for the obligation to remove non-tariff barriers in the information technology sector and to review the list of covered products to determine whether further enlargement may be necessary to take account of future technological developments. The Information Technology Agreement (ITA) is a multi-lateral agreement implemented by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in It-Tech Products, which came into force on 1 July 1997. Since 1997, an official WTO committee has overseed the following declaration and its implementation.  The agreement was extended in 2015.  Under the agreement, most tariffs on the 201 products will be abolished within three years, with reductions starting from 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. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. In 2012, some ITA participants began making proposals to include additional products in the ITA. Hong Kong, China has been actively and constructively involved in discussions to expand ITA product coverage. On 16 December 2015, the 24 participants in the expansion of the ITA (ITA) trade announced the conclusion of negotiations on the liberalisation of trade in computer products beyond the original ITA. Under the new agreement, the tariff for an additional 201 computer products, including next-generation semiconductors, GPS navigation systems, circuit board production tools, telecommunications satellites, touch screens and some advanced medical equipment, will be discontinued from July 2016.
According to the WTO, annual trade in these products is estimated at $1.3 trillion in 2015, or about 10% of world trade in products. 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 ITA extension: tax applied on products covered by the agreement. In addition, if you find that one of the signatory states has taken non-tariff measures that restrict your access to the information technology market of a signatory country, please contact us. Yes, yes. If you export computer products covered by this agreement to an ITA member country and are charged customs duties on your products (unless the country is granted a waiver – see previous section), contact the Office of Trade Agreements and Compliance (TANC) via the U.S. Department of Commerce`s public emergency number. Hong Kong, China is a signatory to the World Trade Organization (WTO) Information Technology Agreement (ITA) concluded in December 1996.