China prepares to host next week's Asia- Pacific Economic Cooperation (APEC) leaders' meeting in Beijing
Arlington, Va., November 6, 2014 -The following statement is attributed to Gary Shapiro, president and CEO, Consumer Electronics Association (CEA), on Information Technology Agreement (ITA) expansion as China prepares to host next week's Asia- Pacific Economic Cooperation (APEC) leaders' meeting in Beijing:
"As hosts to this year's APEC leaders' meeting and one of the most powerful tech exporters in the world, China is positioned to exercise leadership by demonstrating action that will allow ITA negotiators to re-engage and conclude the agreement. We urge Beijing to use this opportunity not only as a strong deliverable for APEC leaders to advance the ITA, but also to advance the success of the World Trade Organization itself.
"The time is now. 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 to assuring the agreement's many benefits extend to consumers worldwide.
"Tech associations in China and around the globe, representing tens of thousands of businesses, are calling on negotiators to bridge gaps and finalize the directive to conclude ITA expansion negotiations. We have confidence that China has what it takes to deliver this mandate from the APEC leaders' meeting next week."
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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