Finally, the USTR is taking action and asking the WTO to enforce the Information Technology Agreement (ITA), as Congress has been urging the Administration to do for more than a year.  To sustain innovation in the high-tech sector and preserve our transatlantic trade relationships, the countries who signed the ITA must play by the rules and live up to the agreement.  It is my hope that the EU will respond to the USTR’s announcement by dropping their arbitrary tariffs against US goods and upholding the ITA.

While today’s announcement is good news, this enforcement case is only one of a handful brought before the WTO by the Bush Administration over the last 8 years.  I am hopeful that a new Administration will work more aggressively to reduce our trade deficit by using every tool at its disposal to ensure that American goods and services are treated fairly around the globe.

This entry was posted on Thursday, May 29th, 2008 at 3:16 pm and is filed under Politics, Economy/Budget, Foreign Policy .