ICC Urges WTO Members To Reach IT Agreement This Week
The International Chamber of Commerce is urging World Trade Organization members meeting this week at the WTO Ministerial Conference in Nairobi to conclude an information technology tariff elimination agreement, which ICC said in a news release Tuesday could inject up…
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to $190 billion into the global economy. The tariff elimination deal would be the first completed in nearly 20 years. ICC wants expanded product coverage under the WTO Information Technology Agreement 2, and continued absence of customs duties on e-commerce. "Despite standstills in negotiations technology and high-tech, products have continued to develop at a rapid pace, along with the business and organizational models that rely on them to thrive,” said ICC Secretary General John Danilovich. “The WTO ministerial is a real opportunity to make progress on this element of the global trade agenda that would reap the benefits of the digital economy and create significant boosts to international trade."