08.11.2014 - 11:00 [ Information Technology Industry Council ]

Clear Skies for Expansion of the Information Technology Agreement?

On the global stage as well, China has the chance to be the catalyst for giving a much-needed boost to the World Trade Organization (WTO). As WTO Director-General Roberto Azevêdo has recently said, the Geneva-based WTO is in crisis over the failure of a major multilateral trade facilitation agreement to proceed because of intransigence by India. By facilitating a breakthrough on the ITA (a WTO agreement), China’s leadership would help bring about a solid win for that beleaguered trade body. It would also give energy to other plurilateral trade agreements currently under negotiation in Geneva in the areas of environmental goods and services.