ITA2 was finalized at the WTO ministerial meeting taking place this week in Nairobi, Kenya. Once implemented the deal is expected to inject US$190 billion into the global economy—making it one of the largest trade agreements in history.
ICC Secretary General John Danilovich said: “This is a truly important agreement for the global economy given the role played by information and communications technologies (ICTs) in driving growth and jobs the world over. ICTs will have a central role to play in achieving the new United Nations Sustainable Development Goals and this agreement is a major step forward towards achieving a brighter and more sustainable future for all.”
ICTs will have a central role to play in achieving the new United Nations Sustainable Development Goals.
Under ICC’s World Trade Agenda initiative, in partnership with the Qatar Chamber, the ITA was identified as a global trade priority for the private sector to advance multilateral trade talks.
“ITA2 underscores the continued relevance of the World Trade Organization as a forum for trade liberalization,” Mr Danilovich said. “We encourage all WTO members to commit to further measures to strengthen the multilateral trading system as a driver of growth and development at the on-going Nairobi Ministerial.”