AmCham Greese salutes the agreement for the extension of 1996 Information Technology Agreement. On July 24, the European Union, the United States, China and the vast majority of the World Trade Organization (WTO) members agreed to extend the 1996 Information Technology Agreement (ITA), eliminating custom duties on 201 high-tech products in what is the biggest tariff-cutting deal brokered by the WTO in almost two decades. All in all, the deal will cover one trillion euros in global trade, covering close to 90% of world trade in the products concerned.