SIA Applauds Renewal of WTO Tariff Moratorium, Urges WTO to Make it Permanent
Friday, Jun 17, 2022, 12:30pm
by Semiconductor Industry Association
WASHINGTON—June 17, 2022—The Semiconductor Industry Association (SIA) today released the following statement from President and CEO John Neuffer in support of the outcomes produced by the World Trade Organization’s (WTO’s) 12th Ministerial Conference (MC12). Among the critical results achieved during the ministerial was a renewal of the WTO Moratorium on Customs Duties on Electronic Transmissions, an agreement that has served as a foundation for global digital trade for the last quarter-century.
“After a rocky start, MC12 produced important outcomes for global trade in semiconductors and a range of other essential technologies, services, and industrial products. We greatly appreciate the strong leadership of Director-General Ngozi Okonjo-Iweala and the tireless work of the U.S. negotiating team and all Ministers to deliver positive results, including the agreement to extend the WTO Moratorium on Customs Duties on Electronic Transmissions until the next Ministerial. For nearly 25 years, the Moratorium has supported the explosive growth of global trade for big and small companies across all sectors, including Internet-related services, entertainment, semiconductors, and consumer and industrial electronics.
“Ultimately, the WTO needs to make the Moratorium permanent, so we can put behind us the highly unpredictable renewal process that exposes the global economy and America’s industries and workers to damaging uncertainty. SIA stands ready to make this case forcefully while demonstrating to developed and developing countries alike the benefits of keeping digital goods and services free of import duties across all sectors.”
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The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.