Intel Urges Adoption of Expanded ITA in Developing Countries
Developing countries should accede to the World Trade Organization Information Technology Agreement (ITA) expansion to drive innovation and broaden international commerce, Intel said in a blog post (here). “In the long term, ITA empowers the formation of a global [information…
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and communication technology] supply chain as participating countries benefit both from cheaper imports of components and materials, as well as from exporting finalized products,” Intel said. An expansion of the agreement covering an additional 201 products worth about $1.3 trillion per year was completed at the WTO Nairobi Ministerial Conference in December 2015. The International Trade Commission posted ITA-related changes to the Harmonized Tariff Schedule July 1 (see 1607050003).