The imposition of duties on the global trade of technology products is significant from a monetary standpoint.
However, Reuters reports that a potential agreement among the United States, China, the European Union and almost two dozen other countries that could eliminate billions of dollars of such duties might be achieved as soon as within the next two months.
At issue is the negotiation of a possible expansion of the World Trade Organization’s Information Technology Agreement. The Agreement is a pact from the late 1990s that ended duties on a wide array of technology products. These products include laptops, computers, telephones, fax machines, software, semi-conductors and some office machines.
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The FTC has issued a press release claiming that it has reached an agreement with Google to resolve competition concerns in the markets for smartphones, games, tablets, and online search.
The FTC states that pursuant to a settlement agreement, Google will comply with earlier promises to permit access to competitors on reasonable terms to patents on certain popular devices. And as a result of an independent commitment letter, Google will provide greater flexibility to online advertisers to manage advertisement campaigns on Google’s AdWords platform and to make sure not to misappropriate content from vertical sites that target specific categories (such as travel) for offerings.
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