Ita Ii Agreement

Figure 2 ITA expansion: Estimated value of trade per agreement member, 2011-2013 18 of the 24 participants in the expanded ITA implemented the agreement on 1 November. In particular, it should be noted that China presented its commitments to the WTO on 26 October 2016, which should strongly encourage the remaining members to swiftly implement the agreement fully. Figure 5 ITA Enlargement: Highest Value Tax Applied to Products Covered by the Agreement More generally, the success of ITA-2, as well as the ongoing negotiations on the Environmental Goods Agreement (ESA), indicate that plurilateral agreements are the way forward for the World Trade Organization.1 Wto body decisions on the Information Technology Agreement are available in the Analytical Index Guide to Wto Law and Practice. Under the terms of the agreement, the majority of tariffs on 201 products will be eliminated within three years, with reductions starting in 2016. By the end of October 2015, each of the participating members will present to the other participants a draft timetable specifying how the conditions of the agreement will be met. Participants will spend the coming months preparing and reviewing these calendars. The aim is to complete this technical work in good time before the Nairobi Ministerial Conference in December. Established in 1997, the original ITA has been a blessing to global ICT trade, which has grown from $1.2 trillion before the deal to more than $5 trillion today. The greatest success of the Tenth WTO Ministerial Conference in Nairobi was the conclusion of Information Technology Agreement 2 (ITA-2). Since ITA-2 was negotiated on an unconditional basis of most-favoured-nation countries, each WTO member may, upon entry into force of the pact, enter into force on 1 July 2016 (i.e.: