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back to article China softens duty-free stance to revive global IT trade talks

Global trade talks aimed at removing tariffs on a swathe of technology products are set to restart within weeks after China finally agreed to reverse a hardline decision which threatened to derail the ambitious plans. The World Trade Organisation talks aim to update the 1996 Information Technology Agreement (ITA) by adding an …

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However, in a series of meetings in Bali last week, China took a more conciliatory tone, indicating that it was prepared to shorten the list of products it wants excluded

What are they asking for in return for their "concessions"? I doubt very much whether they are going to reduce the list of exclusions without getting something else in return....

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global manufacturing giant India?

when did india become a global manufacturing giant? indian products are the shoddiest. that's why you see indians at airports abroad returning with huge boxes of TVs, and whatever else you can think of.

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Anonymous Coward

A chink in their armour?

A chink in their armour?

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China government is more broke than they admit

The China government is more broke than they will admit to the rest of the world. Think about it: They have spent vast sums of money building domestic infrastructure over the past two decades and are desperately trying to modernize their military with the latest expensive high-tech weapons. To make things worse, their biggest asset holding is United States *debt* which Uncle Sam increasingly looks likely might default on. So yeah the government of China needs all the revenue it can get, and with "foreign" electronic goods taxes/duties of 38%, ironically even if they are manufactured domestically, there is a huge and growing potential source of revenue that they cannot overlook as Chinese consumer demand rises. (this author is proudly 100% Han Chinese Canadian)

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Boffin

Looks to me as if the Chinese government,

seeing the parlous situation in which world trade finds itself amid worries about a possible US default, which would really throw the cat among the pigeons, has decided to do what it can to give IT trade a boost. The problem is that in the best of cases, negotiatiing a new agreement is going to take quite some time, while the US default is staring us in the face....

Henri

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