CEA, NAM Lament Collapse of WTO ITA Talks as 'a Disappointment'

That talks at the World Trade Organization on expanding and updating the 17-year-old Information Technology Agreement failed to reach a consensus over "product coverage" issues is "to be sure ... a disappointment," said Sage Chandler, CEA vice president-international trade, in a statement sourced from Geneva. CEA said Chandler attended "the entirety of the talks." The ITA "hasn’t been updated since it was created 17 years ago," she said. "By expanding the ITA, we could remove tariffs on an estimated additional $800 billion in information and communication technology trade globally. Including modern technology products in an updated ITA is critical to making sure the agreement’s many benefits will extend to consumers around the world." Members of the National Association of Manufacturers also "are greatly disappointed by the failure to move forward an expanded ITA," said Linda Dempsey, NAM vice president-international economic affairs, in a separate statement. "The original 17-year old ITA has been hugely important in driving innovation and productivity for the broad range of manufacturing industries in the United States and globally. Manufacturers urge negotiators to come back to the table as early as possible in the new year to agree to a strong product list in order to unlock much needed growth opportunities for manufacturers and their workers."