The Traderszone Network

Published in TZ Latest News 24 July, 2015 by The TZ Newswire Staff

WTO members try to seal trillion-dollar IT trade deal

GENEVA/WASHINGTON (Reuters) – World Trade Organization (WTO) members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion (£645 billion) of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks’ chairman, European Union Ambassador Angelos Pangratis, had been due to announce the agreement.