Talks in the World Trade Organization (WTO) on broadening the scope of the Information Technology Agreement continue to be deadlocked after eleven days of negotiations. The product coverage of the existing agreement has not been updated since 1996, despite the vast increase in ICT products since that date, and the ITA is therefore in need of reform. If the agreement could be expanded to cover new products such as global positioning systems, video game consoles and flat panel displays there could be an estimated USD 190 billion boost to world trade. It is now unlikely that the new agreement will be concluded before the meeting of the ministers of the Asia Pacific Economic Cooperation (APEC) countries in May 2014.
«
Previous post
US Committee Considers Middle Class Tax Burden
US Committee Considers Middle Class Tax Burden
Next post
US-Iraq Hold First TIFA Meeting
US-Iraq Hold First TIFA Meeting
»
Related Posts
US: IRS urges taxpayers to file late returns quickly to minimise penalties
April 17, 2025
The US IRS has issued a statement urging taxpayers who missed the filing deadline to file their tax returns promptly in order to reduce interest and penalties on 16 April 2025. The IRS encourages taxpayers who missed the filing deadline to
Read More
US: Georgia speeds up corporate tax rate cuts
April 17, 2025
The US state of Georgia Governor Brian P. Kemp signed the House Bill (HB) 111 into law on 15 April 2025, expediting the planned reduction of the corporate and individual income tax. The individual income tax rate cut was established by HB 1437 in
Read More
US: Trump administration plans to impose 245% tariff on China
April 17, 2025
The tariff wars between two of the world's largest economies, the US and China, show no signs of slowing down. In the latest move, the Trump Administration said that China could face tariffs as high as 245% in response to its retaliatory measures.
Read More US: IRS announces over USD 1 billion in 2021 in unclaimed tax refunds, requests taxpayers to check their eligibility
April 15, 2025
The US Internal Revenue Service (IRS) issued IR-2025-46 on 11 April 2025, reminding the 1.1 million people who didn’t file their tax year 2021 federal tax returns that they may be eligible for a refund if they file by the 15 April 2025
Read More US: Trump overturns digital asset reporting regulations
April 15, 2025
US President Donald Trump signed into law H.J.Res.25 (Congressional Review Act Disapproval Resolution on Cryptocurrency Broker Reporting from the IRS) on 10 April 2025, a joint resolution of disapproval aimed at overturning the final regulations
Read More US: IRS offers tax relief for storm affected taxpayers in Arkansas and Tennessee
April 15, 2025
The US Internal Revenue Service (IRS) has issued IR-2025-49 (Arkansas) and IR-2025-47 (Tennessee) on 14 April 2025, announcing tax relief for individuals and businesses in Arkansas and Tennessee impacted by the severe storms, tornadoes, and flooding
Read More