The European Commission has proposed a revision of the Information Technology Agreement, a trade pact that for the past decade has helped keep down prices for IT-related goods across the world.
The ITA came into being in 1996 at a World Trade Organization meeting in Singapore. The pact involved the elimination of international trade tariffs on certain products, ranging from flat-panel displays to inkjet printers. The ITA currently has 43 signatories, representing 70 members and states or customs territories.
In August this year, the United States, Japan, and Taiwan complained to the WTO that Europe was placing tariffs on three … Read more