The Technology CEO Council (TCC) applauded the Obama Administration’s announcement that United States negotiators have achieved a breakthrough in talks to expand the Information Technology Agreement (ITA). The results of these negotiations pave the way for an agreement to conclude the World Trade Organization’s ITA expansion, which will eliminate tariffs on an estimated $1 trillion in annual global sales of information and communications technology products, of which more than $100 billion now come from the United States.
“The ITA that first went into effect 18 years ago has simply not kept up with the pace of U.S. high tech companies and workers, who are the most innovative and competitive in the world,” said Bruce Mehlman, executive director of TCC. “Expanding the ITA to cover new and emerging products will strengthen our high tech industry and support good-paying manufacturing and technology jobs in the United States. An aggressive phase-out period for tariffs would allow business and consumers to benefit as soon as possible.”
“We applaud President Obama and his administration, including U.S. Trade Representative Michael Froman and the Departments of Treasury and Commerce for their steadfast efforts, and we urge all parties to commit themselves to concluding the negotiations in time for approval at the WTO Ministerial meeting in Nairobi, Kenya in December.”
Under the final ITA expansion agreement, the high-tech products that will see tariff elimination include computer software and software media, such as solid state drives, next generation semiconductors, video game consoles, printer ink cartridges, GPS devices and medical devices such as MRI machines and CT scanners.
About the Technology CEO Council
The Technology CEO Council (TCC) is the information technology industry's leading public policy advocacy organization comprised exclusively of chief executive officers from America's top technology companies. For 25 years, TCC has been dedicated to advancing policies that promote innovation and U.S. competitiveness through technology leadership. TCC includes some of the nation's most well-known brands and globally-engaged enterprises, generating $300 billion in annual revenues and employing over 900,000 workers. For more information, visit www.techceocouncil.org<http://www.techceocouncil.org.