EU to Drop Tariffs on High-Tech Products

As reported on this Blog in June, EU have been imposed high duty to foreign IT products which is considered to be zero duty based on WTO・ITA (Information Technology Agreement).

http://japantradecompliance.blogspot.com/2008/06/eu-ita-duty-classification-issue-bring.html

Here's good news for Japanese, US and other countries' manufacturers.

Bowing to pressure from several of its major trading partners, the European Union this week announced it would eliminate steep tariffs on certain high-tech products.
Earlier this year, the U.S., Japan, and Taiwan sued the EU because of high European tariffs on flat-panel monitors, cable and satellite boxes that access the Internet, and printers that can also scan, fax, and copy.
The move will also help the EU avoid a lengthy and costly investigation into the matter by the World Trade Organization.

(Source: UPS Trade News, Trade_News@ups-scs.service.com. Sept. 16, 2008)