Tuesday, November 11, 2014

USA: Agreement with China on tariff reductions for technology products – FinanzNachrichten.de (press release)

The United States and China, according to the
 American government on the expansion of the international
 Trade Agreement for Information Technology (ITA) to more
 Products agreed. The “breakthrough” the way was free for “the
 Continuation and the rapid conclusion “of talks
 at the World Trade Organization (WTO), said the
 US Trade Representative Michael Froman on Tuesday in Beijing. Now
 could the first substantial reduction of tariffs at the WTO 17
 Years to complete. The ITA for products such as computers,
 Telecommunications equipment or semiconductor was adopted in 1997.

The US accused the Chinese before date, the extension of the
 Agreement at the WTO to block. The world’s largest exporter of
 Information technology has already caused too many exceptions.
 The ITA provides extensive after US data from approximately 200 duties.
 This included also printer cartridges, navigation devices,
 Speakers, video game equipment or machinery for the
 Nuclear spin tomography. This is about exports of around one
 Trillion dollars (800 billion euros).

After the agreement between the US and China could since
 2012 ongoing talks with 54 participating countries in Geneva in
 Go in December, Froman said. / Mcm / DP / stk

ISIN DE0006231004 US4581401001

AXC0009 2014-11-11 / 05: 27


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