Trade

The WTO’s technology agreement started with a list of products

Its participants remove tariffs on covered equipment, including specified electronics.

An equipment-lined semiconductor cleanroom
A semiconductor fabrication cleanroom. Still from STMicroelectronics footage. Web-sized copy. STMicroelectronics (original work) Una tantum (screenshot) · CC BY 3.0

The WTO's Information Technology Agreement grew out of a 1996 commitment to eliminate tariffs on a set of technology products. Participants apply the duty reductions through their tariff schedules.

The agreement is defined by what it covers. Products can include computers, semiconductors and other specified equipment, while treatment of any particular shipment depends on its classification. A later expansion brought additional products into the scheme as the technology market changed.

Sources

  1. wto.org