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On 13 September 2013, the World Trade Organization announced that the Committee of Participants in the Expansion of Trade in Information Technology Products, on 13 September 2013, confirmed that the Russian Federation has joined the WTO plurilateral agreement that aims to liberalize trade in this important and growing sector of the global economy. The Russian Federation becomes the 78th member of the Information Technology Agreement (ITA).
Russia undertook to reduce tariffs on information technology products from 5.4 per cent to zero, and to join the ITA as part of its WTO accession commitments. The WTO said that ITA participants represent around 97 per cent of world exports in information technology products. The ITA provides for participants to completely eliminate duties on IT products covered by the Agreement. The benefits of this plurilateral agreement are extended to all WTO members |
