IT products to become duty-free

[jos]

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. Additional duty-free products include computer software and software media, video game consoles, printer ink cartridges, GPS devices, medical devices such as MRI machines and next generation semiconductors. Technology manufacturers like General Electric Co (GE.N), Intel Corporation (INTC.O), Texas Instruments Inc (TXN.O), Microsoft Corp (MSFT.O) and Nintendo Co (7974.T) are among companies expected to benefit from the deal.

 

 

 

Green and Blue are WTO members

Source: http://www.reuters.com/article/2015/07/24/us-trade-technology-wto-idUSKCN0PY0C020150724

[Aytex]

does this mean cheaper or more expensive

[jos]

does this mean cheaper or more expensive

Cheaper

[Jerakl]

does this mean cheaper or more expensive

 

Cheaper fam

[Syntaxvgm]

does this mean cheaper or more expensive

cheaper 

[Jerakl]

cheaper 

Cheaper fam

Cheaper

 

 

That was fast.

[Syntaxvgm]

That was fast.

I'm told that a lot.

[MegaDave91]

Good on whoever's duty this was.

[Aytex]

so should we see a price drop on pc componants or nah

[Syntaxvgm]

so should we see a price drop on pc componants or nah

 

LocationGif world

If "Gif World" is in the states like not by much 

[TheKDub]

so should we see a price drop on pc componants or nah

 

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

 

So yes.

[zMeul]

woohoo - I'm in!

[Mushious]

This smells like TPPA

[Ekpyrosis]

[cesrai]

@MyInnerFred

Can you explain this to me ? ( I think it's related to economics )

[Noctus]

@MyInnerFred

Can you explain this to me ? ( I think it's related to economics )

 

Basically it's reducing charges etc on tech you ship internationally. Maybe even on some stuff that's domestic (if it charges, since domestic is usually free)

[cesrai]

Basically it's reducing charges etc on tech you ship internationally. Maybe even on some stuff that's domestic (if it charges, since domestic is usually free)

Does that include VAT ?

[Cookybiscuit]

So now I can buy 2 980Ti's off Newegg for the price of one in the UK?

[MaxTheMonster]

Finally.

[Noctus]

Does that include VAT ?

 Highly doubt it, think it would affect things like for example i go buy a 980ti from the US. On paper it's miles cheaper than here in the UK if you covert. But add in all those daft import charges etc and it ends up adding serveral hundreds dollars (in some cases) more to the price making it a pointless purchase.

 

I believe it's all these extra charges that get lumped on after you reach the "checkout" screen before you actually buy it that get affected. Don't quote me on it though.

[deviant88]

I'm told that a lot.

by your gf...

 

I hope for cheaper hardware if possible, and no more games that release at 50$ in us and 60euro in eu.

[Nineshadow]

And they will be sold for just as much as before, but with slightly higher profit margins for the prouducer.

[Alurit]

Does that include VAT ?

it affects international duties, vat is local, vat will still be there

[Sakkura]

so should we see a price drop on pc componants or nah

Don't expect big drops, but yes. The question is how much of this will be passed on to consumers.

[gill2k]

As a cross border shopper, this is good news.  It's bad enough our CDN dollar is tanking hard right now.