Ita Ii Agreement
More generally, the success of ITA-2, as well as the ongoing negotiations on the Environmental Products Agreement (EGA), indicates that multilateral agreements are milestones for the World Trade Organization.1 The original ITA was launched in 1997 and has been a blessing for the itCs global trade, from $1.2 trillion before the agreement to more than $5 trillion today. The agreement also provides for the obligation to remove non-tariff barriers in the information technology sector and to review the list of products covered to determine whether further enlargement may be necessary to take account of future technological developments. Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. Chart 5 Expansion of the ITA: MFN applied tax on products covered by the agreement After 17 rounds of negotiations, negotiators provided an update on Saturday, July 18, 2015, just before an agreement on a list of products for the extension of the ITA, as well as a draft declaration defining the implementation of the agreement. The WTO Information Technology Agreement (ITA), which removes information and communication technology (ICT) tariffs, was long revalued last year, when 24 participants representing 53 WTO members said they were ready to almost double the products contained in the agreement. Since the completion of the first ITA in 1996, total IT trade has grown rapidly to $4 trillion in 2014, surpassing trade in agricultural and automotive products. As a result of technological innovation, ICT products have diversified. As customs nomenclature lags behind technological innovation, disputes have been pending over the correct classification of imports. In June 2012, itA-2 negotiations were launched to expand coverage of tick products and address classification issues. Participating countries focused on removing tariffs on new products, but asked other questions to reach an agreement more quickly. Although non-tariff barriers (NB) continue to hamper trade in ICT products, their elimination would have prolonged negotiations, especially as some NBs enjoy strong political support. 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.  Figure 2 ITA expansion: estimated value of trade covered by the agreement, by members, 2011-2013 The greatest success of the 10th WTO Ministerial Conference in Nairobi is the conclusion of the Information Technology Agreement 2 (ITA-2). After three years of negotiations, the WTO finally announced that the multi-lateral agreement, covering $1.3 trillion in trade, had been concluded on 16 December 2015 in Nairobi. A total of 24 participants (53 countries), including the United States, the European Union and China, agreed to eliminate tariffs on 201 information and communication technology (ICT) products by 2024 (products are listed in six figures in the Harmonized System (SH). Tariffs on important products among the 201 items will be abolished within three years (89% of the 201 positions on trade value).