Thursday, December 04, 2008
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"Technology"
EU hit by IT trade storm
The European Union is facing legal action from the US, Japan and Taiwan, after allegations that it had breached a global information technology deal.
The information technology agreement (ITA) was signed in 1996 and covers more than 97 per cent of the world’s IT trade.
However, the EU is now facing accusations that it has breached the agreement’s zero-duty provisions by imposing import tariffs on a range of IT equipment, including flat screen LCD monitors.
EU trade commissioner, Peter Mandelson, has claimed that the ITA risked “being left behind after 12 years of technological development,” – a response that has been greeted coolly elsewhere.
Gretchen Hamel, spokeswoman for the US trade representative, said: "We are of course open to ideas for resolving the WTO dispute but if the [European Commission] is truly interested in providing duty-free treatment for IT products, it is unclear why it continues to apply duties to the ITA products that are the subject of the dispute."
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