Alliance for Global Health and Competitiveness Applauds WTO General Assembly on Approving Expansion of Information Technology Agreement
Washington, D.C. (August 4, 2015) –The Alliance for Global Health and Competitiveness (AHC) commends the WTO General Assembly for formally approving expansion of the 1997 Information Technology Agreement (ITA). This important decision will eliminate burdensome tariffs on billions of dollars of U.S. medical technology exports. In particular, AHC applauds the leadership of the United States throughout this process, and Taiwan’s leadership, which has ensured that the agreement has the required critical trade mass to move forward.
The ITA eliminates tariffs globally on medical devices that use information technology to diagnose and treat cancer, diabetes, cardiovascular diseases, asthma and many other diseases, representing the biggest tariff-elimination undertaking achieved by the WTO in nearly two decades.
“This is a significant step forward in opening global markets for advanced medical technologies,” said Ayelet Haran, Executive Director of AHC. “ITA will help to improve health outcomes, fuel global trade, and drive economic growth, all while providing patients around the world with access to the best technologies and therapeutic advances. Moving forward, AHC encourages negotiators to consider an accelerated phase-out of tariffs on these important medical devices.”
The Alliance for Global Health and Competitiveness, LLC is a multi-stakeholder initiative (MSI) of the Business Council for Global Development, LLC.