The Information Technology Agreement (ITA) has triggered rapid growth in trade in information technologies and communications (ICT) products and services, with developing countries’ share of global ICT exports more than doubling since 1996. Expanding the ITA will further benefit developing countries by lowering the cost of ICTs that are critical inputs to making their manufacturing and services sectors more competitive; boosting productivity across all sectors of their economies; fostering innovation; boosting exports of goods and services; and thus playing a major role in spurring economic—and employment—growth. Now is the time for policymakers in ITA member countries—developed and developing alike—to seize on the opportunity to further tariff rate elimination on ICT products, which promises to extend the already significant benefits the ITA has produced for individuals, businesses, and economies throughout the world.
The Information Technology Agreement: Advice and Information on the Proposed Expansion: Part 2
ITIF Senior Analyst Stephen Ezell testified before the United States International Trade Commission making the case for the ITA as a true win-win trade agreement and the need for expansion. The ITA has worked well, but it can work even better if it's updated to include the vast array of innovative new information and communications technology products that have been launched in the past fifteen years.
India's Recent Trade Policies Put Domestic, International Growth at Risk
By leveraging its strengths (e.g., a large market and educated, largely English-speaking talent pool) to attract foreign direct investment, instead of implementing policies that force it to come to India, India may well reap the success it hopes for. Until that happens, the U.S. government must insist that India adhere to the commitments it's made in international trade agreements and allow innovative American enterprises to operate fairly and without interference.