Updating the ITA to include modern tech products is vital in assuring that the agreement's many benefits extend to the world's citizens.
Arlington, Va., September 29, 2014 - The Consumer Electronics Association (CEA)® issued the following statement on behalf of CEA President and CEO Gary Shapiro in response to today's global tech industry statement in support of a November conclusion of the Information Technology Agreement (ITA) expansion:
"Eighty-two tech signatories from around the globe, representing tens of thousands of businesses, are rallying together to support trade negotiators from all member economies in the ITA. We have an opportunity now to come together, bridge gaps and finalize this negotiation so that a huge win may be announced in Beijing at the November APEC Leader's meeting. Global tech leaders from China, the U.S., the EU and all across Asia and the world agree that the time is now. We all hope to celebrate the announcement of a successful ITA conclusion in China."
The ITA has not been updated since its creation 16 years ago. An expanded ITA could remove tariffs on an estimated additional $800 billion in information and communication technology trade globally. Updating the ITA to include modern tech products is vital in assuring that the agreement's many benefits extend to the world's citizens.
The Innovation Movement unites those who believe innovation is critical to American global leadership and economic growth, supporting public policies that encourage and advance American business and shore up our economy for future generations.
The Consumer Electronics Association (CEA) is the technology trade association representing the $211 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES - The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at CE.org, DeclareInnovation.com