Boosting Exports, Jobs, and Economic Growth by Expanding the Information Technology Agreement

Thursday, March 15, 2012 - 9:00 AM to 10:30 AM
Information Technology and Innovation Foundation
1101 K Street NW Suite 610A
Washington, DC 20005

Think of the technology used in 1996. The proliferation of innovative new products has been astounding. Remarkably, the Information Technology Agreement (ITA), which fully eliminates tariffs on covered information and communications technology (ICT) products, has not really been updated in 15 years, and even then did not cover everyday consumer electronic products, such as audio speakers, DVD players, and video cameras. The ITA, with its 73 participating member nations, has been one of the most successful trade agreements ever undertaken. It has played a critical role in promoting ICT trade and investment, which in turn has driven innovation, raised productivity, increased employment, accelerated economic growth, and produced prosperity for all nations. But it is time to update it to include the GPS systems, flat panel TV displays, e-readers, remote home and patient monitoring devices, video game consoles, multicomponent semiconductors and more. In a new report, ITIF finds that ITA expansion would increase direct U.S. exports of ICT products by $2.8 billion, boost revenues of U.S. ICT firms by $10 billion, and support creation of approximately 60,000 new U.S. jobs.

Please join us on Thursday, March 15 with an all-star lineup discussing the importance of the ITA and the need to expand it.

03/15/2012 09:0003/15/2012 10:30America/New_YorkBoosting Exports, Jobs, and Economic Growth by Expanding the Information Technology AgreementMM/DD/YYYY
Miriam E. Sapiro
Visiting Fellow, Global Economy and Development
Charlene Barshefsky
Senior International Partner, WilmerHale
Former USTR
Susan C. Schwab
Professor of Public Policy, University of Maryland
Former USTR
Greg Slater
Director of Trade and Competition Policy
Stephen Ezell
Vice President, Global Innovation Policy
Information Technology and Innovation Foundation
Robert D. Atkinson
Information Technology and Innovation Foundation