As of July 2015, it had 80 participants, or about 97% of the world`s trade in COMPUTER products. India is a signatory to the Information Technology Agreement (ITA) (now known as ITA-1), a multi-national WTO agreement. At the time of this date, there were a total of 75 signatories, including 27 EU Member States, which account for about 97% of the world`s trade in IT products. India joined the ITA on 25 March 1997. India`s experience with ITA has been the most discouraging, which has almost destroyed India`s IT industry. The real benefit of this agreement was China, which increased its global market share from 2% to 14% between 2000 and 2011. The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement. The wide range of computer products for which tariffs have been removed under this agreement is contained in Schedules A and B of the Annex of the Agreement. Recognizing the rapid advances in computer technology, the agreement calls for an annual product review to extend coverage to new products. The WTO ITA Committee has also begun work on non-tariff measures for the sector.
This agreement may benefit any company wishing to export one of the computer products covered in the agreement to one of the signatory states. The removal of tariffs leads to lower transaction costs, better market access, increased sales and increased export revenues. You can also visit the following websites for more information about ITA: As part of the Information Technology Agreement, commonly known as ITA, participants have removed all import duties on a wide range of ITA products. Below is a list of current signatory countries, which account for about 95% of global trade in COMPUTER products, and a list of the few countries that have been allowed to delay their tariff reductions for a handful of products. Geneva: The United States and China are expected to oppose the World Trade Organization (WTO) against New Delhi`s tariffs on information and communication technology (ICT) products, particularly mobile phones and other devices, on the grounds that India is not complying with its related customs obligations.