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EU import duty on some electronics to be eliminated
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Author | Message |
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W-K 666 Send message Joined: 18 May 99 Posts: 19058 Credit: 40,757,560 RAC: 67 |
I've just come across this, KPMG - ITA: EU import duties on a wide range of electronic products eliminated as of July 1, 2016 Currently, consumer and professional electronic products are usually subject to customs duties upon import into the EU and other jurisdictions. A new WTO (World Trade Organization) trade agreement on Information Technology – the Information Technology Agreement (ITA) – has recently been signed and is expected to enter into force on July 1, 2016. The ITA eliminates import duties on a wide range of electronic products imported into the EU and other markets (e.g. US, China and Switzerland). Unfortunately it does not include Computers or their components. When will $399 not equated to £399. Exchange rate at time of post 1 British Pound equals 1.43 US Dollar I have to ask why this hasn't been headline news, the article is dated 6th April. |
janneseti Send message Joined: 14 Oct 09 Posts: 14106 Credit: 655,366 RAC: 0 |
Strange... Has the EU different agreements than other WTO countries? A WTO agreement is helping push the information technology revolution forward. Beginning in 2000, most of the world trade in information technology products (worth $680 billion last year for office and telecom equipment, a large part of which are IT products) will be completely free of tariffs under the WTO Information Technology Agreement (ITA), which has been reducing customs duties on IT products such as computers and telecom equipment since 1997, and benefiting offices and consumers across the globe through lower prices. https://www.wto.org/english/thewto_e/minist_e/min99_e/english/book_e/12ita_e.htm |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Strange... Not working very well is it? 4tb Hard Drive US price £104.88 UK price £128.20 |
Michael John Hind Send message Joined: 6 Feb 07 Posts: 1330 Credit: 3,632,028 RAC: 0 |
Strange... Would be interesting to know, Sirius, what this same drive costs in the other EU member countries. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
£105.80 in Germany :-( |
Michael John Hind Send message Joined: 6 Feb 07 Posts: 1330 Credit: 3,632,028 RAC: 0 |
£105.80 in Germany :-( Hmm?...How are we going to bring to an end, "Rip off Britain"? |
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