By Tom Miles GENEVA (Reuters) - The United States accused China on Thursday of jeopardizing talks on eliminating trade tariffs on billions of dollars of technology products due to its determination to claim dozens of exemptions. The talks are aimed at expanding a 16-year-old World Trade Organization agreement and updating it for the internet era, cutting the import cost of a long list of items such as personal computers, laptops, telephones, fax machines, computer software, semi-conductors and many office machines. "China's refusal to show more ambition in product coverage under the WTO's Information Technology Agreement is disappointing for all of the countries, companies, and workers who stand to benefit from an expansion in information technology trade," U.S. Trade Representative Michael Froman said in a comment issued from Washington. About $4 trillion in trade is covered by the current pact, according to the Information Technology & Innovation Foundation, a Washington think tank that estimates an expanded agreement could cover $800 billion in additional trade.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/u-says-chinas-exemption-demands-jeopardize-wto-technology-172241581.html
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