EU and WTO partners finalise high tech trade deal
EU News 388/2015
Brussels, 16 December 2015
Deal initiated by the EU adds momentum to the multilateral World Trade Organization process happening now in Nairobi.
The EU and another 23 members of the World Trade Organization (WTO) today completed a trade deal that eliminates custom duties on more than 200 high-tech products. All participants have now presented their detailed commitments.
The deal, initiated by the EU, extends the 1996 Information Technology Agreement (ITA) to cover €1.3 trillion in global trade. This makes it the biggest tariff-cutting deal in the World Trade Organization in almost two decades.
Source and additional information:
Cecilia Malmström at the Tenth WTO Ministerial Conference Date: 15/12/2015 Reference: P-029854/00-11 Location: Nairobi © European Union, 2015 URL