In a release issued by the World Trade Organization (WTO) it was announced that the December 2015 revision of the Information Technology Agreement (ITA) agreed to by 54 countries, including the U.S. and EU, which will lead to the elimination of customs duties on over 200 IT products, was implemented on July 1, 2016.

According to the United States Trade Representative (USTR), “In addition, duty-free trade in the products covered by the ITA expansion will lower costs for downstream manufacturing and services industries.” Customs duty rate reductions extend to consumer goods such as GPS equipment, video and audio technology as well as multi-media software and video games.

The first tariff reductions from the ITA began on July 1, 2016 with the successive reductions beginning each subsequent year on that date, culminating with an effective elimination no later than July 1, 2019.

The WTO July 2016 report on ITA (refer to document G/IT/1/Rev.55) here

July 2016 Press release from Office of the US Trade Representative here

July 2016 Press release from the European Commission here