Official negotiations to expand the Information Technology Agreement (ITA) have been suspended due to a lack of progress by the Chinese delegation on its negotiation position. China’s delegation has asked for the removal of more than 100 products from the ITA negotiation – a so-called “sensitivities list.” No date to resume discussions has been announced.
The NAM recently joined a diverse coalition of businesses and business groups this week to renew our call for a meaningful expansion of the ITA.
The ITA is one of the most commercially successful trade agreements in the history of the World Trade Organization (WTO) and has boosted innovation and productivity, lowered consumer costs, and created jobs in its brief 16 years in existence.
From 1996 to 2008, total global trade in information and communications technology products increased more than 10 percent annually, from $1.2 trillion to $4.0 trillion. An expanded ITA could bring an additional $400 billion in high-tech trade under ITA coverage and increase world GDP by $190 billion, ITIF reported.