WASHINGTON, – The Computing Technology Industry Association (CompTIA) is greatly encouraged by the progress made over the weekend in Geneva to expand the Information Technology Agreement (ITA). The new advancement in negotiations provides an opportunity for the first major tariff-cutting deal at the World Trade Organization (WTO) in 18 years.
“CompTIA fully supports the pending agreement, which would expand the categories of technology products covered by the ITA,” said Elizabeth Hyman, executive vice president, CompTIA. “This breakthrough in ITA coverage is an historic event, and will eliminate tariffs on about $100 billion in U.S. ICT products sold in the global market.”
According to CompTIA's "Tech Trade Snapshot" published in April, 2015, exports of manufactured tech goods from the U.S. totaled $209 billion in 2014, some of which were already covered under the original ITA. Eliminating tariffs on an additional $100 billion of the total $209 billion exports will further enhance U.S. tech trade.
“CompTIA and its members have always supported policies and actions that increase international trade in technology products; eliminating tariffs on many additional tech products will maintain high-paying U.S. technology jobs by allowing our members to sell more of their products across borders,” continued Hyman.
CompTIA now urges the 50 plus countries that are parties to this agreement to give their final approval, and expedite implementation of these tariffs reductions.
The Computing Technology Industry Association (CompTIA) is the voice of the information technology industry. With approximately 2,000 member companies, 3,000 academic and training partners and nearly 2 million IT certifications issued, CompTIA is dedicated to advancing industry growth through educational programs, market research, networking events, professional certifications and public policy advocacy. Visit CompTIA online, Facebook, LinkedIn and Twitter.
About CompTIA Advocacy
Through its advocacy arm, CompTIA champions member-driven business and IT priorities that impact all information technology companies – from small managed solutions providers and software developers to large equipment manufacturers and communications service providers. CompTIA gives eyes, ears and a voice to technology companies, informing them of policy developments – and providing the means to do something about it.