Russia joined the ranks of signatories to the...

Russia joined the ranks of signatories to the World Trade Organization Information Technology Agreement, said the WTO Friday in a news release (http://bit.ly/18p33SG), becoming the 78th country to accede to the ITA pact. To join, Russia reduced tariffs on information technology products from 5.4 percent to zero. ITA signatories export 97 percent of global information technology products. “The ITA continues to be one of the most important trade agreements for the global [information and communications technology] industry,” said the Telecommunications Industry Association in a news release, applauding Russia’s decision (http://bit.ly/150w5rT).