Friday, July 24, 2015

WTO seeks to seal trade agreement on information technology – | Reuters

United States said the deal had stalled and the director general of the WTO, Roberto Azevedo, postponed a press conference in which it was expected that with the president of the meeting, the ambassador of the European Union Angelos Pangratis, announced the deal.

“Some delegations needed more time to obtain full approval from their capitals. They contacted the President Angelos Pangratis and he rescheduled the meeting for three hours later,” the spokesman told Reuters WTO Keith Rockwell.

Once sealed, the decision to upgrade the Agreement on Information Technology (ITA) agreement, in force for 18 years, more than 200 goods added to the list of products operate duty-free.

The Trade Representative United States said more than $ 100,000 million in exports from his country would be covered by the settlement date and that estimates the industry show that the elimination of tariffs could support the creation of up to 60,000 additional jobs.

“The expansion of ATI’s great news for American workers and businesses that design, manufacture and export the latest technology and computer products ranging from machines MRI semiconductor and game consoles, “said Michael Froman said in a statement issued in Washington.

technology manufacturers such as General Electric Co., Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies that will benefit from the agreement.

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