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Showing posts with label financial news. Show all posts
Showing posts with label financial news. Show all posts

Monday, July 20, 2015

24 Information Technology Agreement enlargement agreement on abolishing tariffs, wto it 'the signing,'

World Trade Organization of information between the membership to (wto) (it) lifting tariffs on products imported goods subject to the 19 (local time) that it has decided to expand.

Of 14 to 18 held in Geneva, Switzerland, The Information Technology Agreement under wto (ita) metabolism in 54 countries that attended the meeting is tariff elimination, with a provisional target to increase to about 200 goods itWe agreed.

According to U.S. including Korea, China, the European Union wto (eu) 80 countries, Japan, and this other nations of the agreement by Dec. 24 that completed the approval process by the negotiations, thus generating more itaThe final goal of settling.

Hereby it market substantially in the customs barrier was about 18 years to go away and save about $ 1 trillion (Joe won about 1152) of it the tariff-free entry of goods benefit.

Ita additional applications of the provisional list in Navigator, video games, a video game consoles, 200 such as magnetic resonance imaging (mri) it sector products are included.

The United States Trade Representative Michael's (ustr) Frohman, a representative of negotiations in this ita industry in the next global it "a significant breakthrough" said that there will be.

Roberto ajebedo wto Secretary-General through his Twitter account said as "The tentative agreement the foundation for the ita, who was also there." reach final agreement this week a successI'm optimistic, he said.

Semiconductor Industry Association (sia) the global gross domestic product to be concluded ita (gdp) 1,900 $ 4 billion a year estimated that there is any effect.