From 1996 to 2008, China boasted a 34 percent compound annual growth rate in exports of products covered by the Information Technology Agreement (ITA)

China's participation in the ITA has deepened its role in global value chains, boosted its exports of information and communication technology (ICT) goods and services, and enhanced the innovation capacity of Chinese firms, including those in its manufacturing sector. However, China's recalcitrance to expand the agreement will keep tariffs high on a number of newly developed innovative technology products, reducing global market size, balkanizing production and ultimately hampering the Chinese economy as a whole.