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NFTC Welcomes Bilateral Agreement on ITA
Date: 12/16/2015
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – National Foreign Trade Council Vice President for Global Trade Issues Jake Colvin released the following statement today welcoming the U.S.-China bilateral agreement reached on the World Trade Organization (WTO) Information Technology Agreement (ITA).

"We commend U.S. Trade Representative Michael Froman and Minister of Commerce Gao Hucheng of China for reaching consensus on an agreement to move the ITA forward. Once complete, the ITA has the potential to eliminate an estimated $1 trillion in tariffs and improve the flow of information technology goods that underpin the participation of millions of innovators in the global economy.

"Completion of the ITA would mark a much-needed success for the WTO, and we hope that today's positive step enables trade ministers to finalize negotiations during the Nairobi ministerial this week."

 

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About the NFTC
Serving America's Global Businesses Since 1914 - The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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