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New WTO Trade Deal Will Exempt IT-Related Products From Import Tariffs (cio.com)

Posted by timothy on from the limited-by-the-extent-of-the-market dept.

itwbennett writes: Under an agreement finalized Wednesday that applies to all 192 member countries of the World Trade Organization (WTO), tariffs on imports of consumer electronics will be phased out over 7 years starting in July 2016. The agreement affects around 10 percent of the world trade in information and communications technology products and will eliminate around $50 billion in tariffs annually, according to IT industry lobby group DigitalEurope. It expects a $190 billion boost to global GDP from the changes.

2 of 22 comments (clear)

  1. Don't worry everyone... by ADRA · · Score: 3, Insightful

    This will clearly help the world redistribute wealth into everyone's pockets...

    --
    Bye!
    1. Re:Don't worry everyone... by Anonymous Coward · · Score: 4, Insightful

      Organizations like WTO, WIPO, and the UN along with treaties like NAFTA, TPP, TTIP, and dozens of others aren't so much about redistribution of wealth (that's a secondary goal) as they are a means of removing decision-making power (ie. Sovereignty) from nations.

      Take a look at the details of any of these deals and you'll see that they all override the laws of the nations that foolishly sign on. Once a nation can no longer write laws, what are they left with?

      All courtesy of the the megalomaniacal globalist elite who keep pushing for their one world government.