Expansion of Info Tech Agreement Would Benefit U.S. Exporters, says ITC Report
Extending duty-free treatment to more U.S. information and communication technology products through expansion of the Information Technology Agreement (ITA) would increase U.S. export opportunities to member countries, said the International Trade Commission in a March 13 report. The report was requested by the U.S. Trade Representative, and covers a draft list of products that could be brought into the agreement (here).
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
According to the report, products on the list currently face tariffs of zero to 35 percent in major export markets. The most common major markets for products on the list are the EU, Canada, Mexico, China, and Japan. These same countries were also the most common major suppliers of U.S. imports of the products on the list, the ITC said. With the exception of Mexico, all are ITA members.