US-China Trade Breakthrough

“China and the United States have reached a breakthrough in talks on eliminating duties on information technology products, a deal that could pave the way for the first major tariff-cutting agreement at the World Trade Organisation in 17 years,” Reuters’ Michael Martina reported.

 

 

“The breakthrough would allow the ‘swift conclusion’ on talks to expand the Information Technology Agreement (ITA) at the WTO in Geneva later this year, United States Trade Representative Michael Froman told reporters on Tuesday.

 

 

It would reduce global tariffs on such products as medical equipment, GPS devices, video games consoles, and next-generation semiconductors.”

 

 

Source: BUSINESS INSIDER / Nov. 11, 2014

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s