Russia Joins Ranks of WTO Information Technology Agreement
Russia joined the ranks of signatories to the World Trade Organization (WTO) Information Technology Agreement (ITA), the WTO said (here) on Sept. 13, becoming the 78th country to accede to the agreement. In order to join, Russia reduced tariffs on…
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information technology products from 5.4 percent to zero. ITA signatories export 97 percent of global information technology products. “The ITA continues to be one of the most important trade agreements for the global ICT industry,” said the Telecommunications Industry Association in a press release (here), while applauding Russia’s entry.