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CEA Urges Trade Ministers to Restart and Swiftly Conclude ITA Negotiations at APEC Annual Meeting

Arlington, VA – May 16, 2014 – 
The Consumer Electronics Association (CEA)® is joining business leaders from around the world in urging trade ministers attending the Asia Pacific Economic Cooperation (APEC) annual meeting this weekend in Qingdao, China, to relaunch the long-stalled Information Technology Agreement (ITA) negotiations. The following statement can be attributed to Gary Shapiro, CEA president and CEO, in anticipation of the meeting:
 
“The ITA has the power to create hundreds of thousands of jobs, increase production of technology products, promote innovation and drive competition, so it’s critically important to the global technology industry and China itself which has been viewed as stalling negotiations. In the lead up to the minister’s meeting, we are witnessing an unprecedented appeal to world economic leaders involved in the negotiations.
 
“More than 80 associations from around the world have come together to send a unified message to the APEC trade ministers: Re-engage and quickly conclude the ITA. The benefits of ITA expansion will be significant and immediate.Concluding an ambitious negotiation should be the minsters’ top priority. We urge ministers attending these meetings to seize this opportunity to revive the global tech industry.”
 
Since its inception in 1996 until 2008, two-way trade in ITA products increased by more than 10 percent annually, from US $1.2 trillion to US $4.0 trillion. More, the agreement has dramatically lowered the cost of trade for information and communications technology (ICT) products.
 
Preliminary estimates show an expanded ITA would remove tariffs on an additional US $800 billion in global, two-way ICT trade. ITA expansion is also expected to increase U.S. exports of ICT products by US $2.8 billion annually, boost revenues of U.S. ICT firms by US $10 billion and support the creation of roughly 60,000 new American jobs. 
About the Consumer Technology Assocation

The Consumer Electronics Association (CEA) is the technology trade association representing the $208 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media:

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