Why India is wrong in opposing WTO IT Agreement-2
WTO members are actively involved in negotiating the second phase of Information Technology Agreement (ITA - 2) at WTO. The initiative is led by US, and supported by Canada, Japan, Chinese Taipei, Korea, Singapore etc. EU and China too have shown positive signs towards the agreement under consideration. The aim is to bring down the tariff of all technology related goods to zero. The agreement includes computers and peripherals, electronic hardware including semiconductors, computer software, telecommunication equipment, and hardware/Capital Goods to produce the above. You can see here , here and here to know more about this agreement under discussion (or Google!) Now, I had blogged about the issue of our infant electronics hardware/semiconductor industry here . The issue in brief with our electronics industry is: We are lagging in the race of indigenous development of electronic/semiconductor products, and do not enjoy the economies of scale. The reasons and factors were discuss