Dozens of countries have agreed to abolish duties on more than 200
technology products â€” from advanced computer chips to GPS devices,
printer cartridges and video-game consoles.
The agreement announced Friday marks the World Trade Organization’s first tariff-killing deal in 18 years.
deal is an expansion of the 1997 Information Technology Agreement,
which includes 80 WTO member countries. The updated accord covers
products that generate $1 trillion in annual global revenue, including
$100 billion a year for American companies.