Annual Report 2016

image of Annual Report 2016

The Annual Report 2016 begins with a message from the WTO Director-General and an overview of 2015. This is followed by more in-depth accounts of the WTO’s areas of activity over the past 12 months, with a spotlight on all the major events of 2015.

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Information Technology Agreement

On 16 December 2015, at the Tenth Ministerial Conference in Nairobi, participants in negotiations to expand the Information Technology Agreement (ITA) concluded a landmark deal to liberalize trade in an additional 201 high-tech products, whose annual value is estimated at US$ 1.3 trillion, accounting for nearly 10 per cent of world trade in goods. It is the first major tariff-cutting deal at the WTO since 1996.

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