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WTO hails 'landmark' IT trade deal to cut product tariffs

  • The World Trade Organisation (WTO) has struck a deal to slash tariffs on technology products worth $1.3 trillion, updating the 18-year-old IT Agreement.

    Describing it as a “landmark” agreement, WTO director-general Roberto Azevedo said cutting tariffs “of this magnitude” will have a “huge impact”.

    The deal, which has added 200 products to the zero tariff list, is expected to benefit a wide range of producers. The WTO said it would also create jobs and boost worldwide GDP growth.

     

     

    Tagged as: World Trade Organisation, WTO, tariffs, technology products, IT Agreement, WTO director-general, Roberto Azevedo, business news