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WTO reach landmark $1.3 trillion IT trade deal

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9 years ago

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Geneva: The World Trade Organisation (WTO) has struck a deal where over 200 information technology products would be freed from import tariffs, a media report said on Saturday.

Valued at $1.3 trillion in annual trade, the products include new generation semi-conductors, GPS navigation, medical equipment, as well as machine tools for manufacturing printed circuits, telecommunications satellites and touch screens, as per reported.

“The list is closed and that is the major conclusion of today’s (Friday) work,” WTO Director General Roberto Azevedo said referring to the list of 201 new products on which tariff barriers will be eliminated.

“Eliminating tariffs on trade of this magnitude will have a huge impact. It will support lower prices, including in many other sectors that use IT products as inputs, it will create jobs and it will help to boost GDP growth around the world,” Azevedo said.

WTO indicated that under the terms of agreement, the majority of tariffs on the products will be lifted within three years, with reductions starting as soon as 2016.

This agreement builds on an initial accord reached by 54 WTO members on July 18, which will be used as a basis for implementation work to begin.

WTO indicated that the terms of the agreement will be formally circulated to the full membership on July 28.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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