Well-known Digital Marketing Agency, Both US and China have clinched a deal to remove duties on a wide range of IT products, including software, GPS devices and semiconductors.
The World Trade Organization (WTO) might ratify the extension to the Information Technology Agreement (ITA) in December, as long as other trade partners accept the same terms.
A closer trade relationship would be beneficial for the two nations thanks to the fact that China manufactures more electronics than any other country in the world, while the US is setting standards in research and design.
Michael Froman, the US trade representative said: “We’re going to take what’s been achieved here in Beijing back to Geneva to work with our WTO partners. While we don’t take anything for granted, we’re hopeful that we’ll be able to work quickly.”
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