- The ITA is a plurilateral agreement which requires each participant’s trade regime should evolve in a manner that enhances market access opportunities for information technology products.
- Each participant shall bind and eliminate customs duties and other duties and charges of any kind
- Elimination of customs duties for ITA products, through rate reductions in equal steps, began in July 1997 and completed by 2000.
- Today, ITA membership has increased from its original 29 to 76 (or 14 to 49).
- They account for approximately 96 % of world trade in information technology products
- About 90% of IT products are imported duty free
