The European Union (EU), USA China, Japan and 50 other members of the World Trade Organisation (WTO) have agreed to abolish import duties on more than 200 IT products
The new Information Technology Agreement (ITA) covers about 90% of global trade in these goods and is to be implemented gradually over the next three years.
Member States are free to implement the agreement earlier.
It covers many products of Chapters 84, 85, 88, 90 and 95 of the Harmonised System (HS), including medical devices, smartphones, GPS devices, touch screens, video games and consoles, hi-fi equipment, routers, headphones, copying machines, blue-ray and DVD players, LED modules and semiconductors.
However, some products are not covered by the agreement, so tariff classification will be an extremely important success factor for traders.Ask your questions to our lawyers about international customs and trade law here!