Information Technology Agreement Upsc

Decisions by WTO bodies on the Information Technology Agreement are available in the WTO`s Analytical Indexes of Law and Practice Guide. ITA is a multi-lateral trade agreement that requires participants to remove their tariffs from a specific list of computer and telecommunications products. The lists of products covered by ITA are listed below: The objective of the contract is to reduce to zero all taxes and tariffs on computer products by the signatories. [2] The publication describes the evolution of this agreement over the past two decades and the significant impact it has had on the global trade in computer products. Geneva: The United States and China are expected to oppose the World Trade Organization (WTO) against New Delhi`s tariffs on information and communication technology (ICT) products, particularly mobile phones and other devices, on the grounds that India is not complying with its related customs obligations. Therefore, according to India, new computer products, including the latest Apple phones and other computer products, are not strictly within the scope of the ITA-I agreement. India has yet to make any new commitments under the ITA-2 agreement, which came into force more than two years ago. ITA-I has had a negative impact on India by making it heavily dependent on imports and stifling its domestic manufacturing industry. The implementation of ITA-II is also expected to have similar negative effects on the Indian economy. At a time when the government is giving a boost to India`s domestic manufacturing industry, ITA will reduce trade barriers, taxes and tariffs. This would only benefit countries with a strong national IT equipment sector. India, as a country with meagre exports of computer equipment, is expected to lose more than it earns as a result of the agreement.

Removing trade barriers will lead Indian markets to be flooded with cheap imported appliances. This will result in increased imports and increased competition for existing domestic players, who will be at a disadvantage. It is clear that India`s manufacturing industry will have to reduce or close its operations, which will have an impact on employment rates. As a result, ITA will have a negative impact on india`s COMPUTER equipment sector. The World Trade Organization has imposed an information technology agreement to reduce all taxes and tariffs on computer products by signatories to zero. It came into force on July 1, 1997. The Information Technology Agreement (ITA) is a multi-lateral agreement implemented by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in It-Tech Products, which came into force on 1 July 1997.