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WTO members seal trillion-dollar IT trade deal

Written by Reuters
WTO members seal trillion-dollar IT trade deal
  • Reuters
  • 2 years ago

WTO members seal trillion-dollar IT trade deal

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

The agreement to update the WTO’s 18-year-old Information Technology Agreement (ITA) adds more than 200 products to the list of goods covered by zero-tariff and duty-free trade.

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