Today, U.S. Senator Charles E. Schumer announced that the U.S.-Russia bilateral WTO accession agreement currently under negotiation, and the final WTO Working Party Report on Russia’s accession to the WTO, will reflect an unequivocal commitment by Russia to join the Information Technology Agreement (ITA), providing a big boost to IBM and other high-tech companies in the Empire State, and across the country. Schumer pushed for Russia’s membership in the ITA because is critical to New York companies in the Information Technology (IT) sector, especially firms like IBM, because ITA member countries must eliminate import duties on a wide range of information technology (IT) products, including computers, telecommunications equipment, semiconductors and software. After Schumer’s push, American firms like IBM will not face any tariffs when shipping products to Russia.
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