Dozens of countries have agreed to abolish duties on more than 200 technology products — from advanced computer chips to GPS devices, printer cartridges and video-game consoles.
The agreement announced Friday marks the World Trade Organization's first tariff-killing deal in 18 years.
The deal is an expansion of the 1997 Information Technology Agreement, which includes 80 WTO member countries. The updated accord covers products that generate $1 trillion in annual global revenue, including $100 billion a year for American companies.
This has been excerpted from the 24 July 2015 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/wto-inks-trade-deal-to-end-tariffs-on-more-than-200-tech-products-1.3166134