Korea releases list of 201 high-tech products subject to WTO deal IT 무관세화 품목확정

Korea will eliminate tariffs on a host of
of high-tech products as part of a trillion dollar global trade deal.
The Korea International Trade Association confirmed today a list of 201items to enjoy
tariff relief under the WTO′s Information Technology Agreement.
They range from semiconductors to computer parts.
Korea is one of 80 WTO countries party to the accord, on which negotiators reached
tentative agreement last week. Experts expect the accord to benefit Korea,
whose semiconductor and mobile phone sectors rank among the best in the world, by boosting
exports. Some say, however, Korea may not feel
the benefits as strongly because it is already enjoying the benefits of lower tariffs after
concluding FTAs with the U.S. and the EU. The global trade in IT products is worth about
4 trillion U.S. dollars annually, and the deal would see tariffs lifted for goods that
make up about a quarter of that.

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