Duty on IT Imports Hurting Industry Growth
From the Blog smartchoice Pakistan is one of the five countries in the world with highest import duties on IT products. This claim is made in a report by Express Tribune about global IT trade where 97% countries involved in the trade have abolished import duties. Following are some startling facts regarding an agreement (to which Pakistan is a signatory): - International Trade Agreement (ITA) was signed by 29 countries in 1996 as part of WTO. It decreed all signatories to remove all import duties from IT related products. Today, the signatories are 86 nations that cover 97% of global IT trade. Pakistan is also signatory of the agreement. - Pakistan had removed duties back in 2001-2002 but placed them back in subsequent years - The only entity really benefiting from these taxes is pakistanblogs.blogspot.comRead Full Post
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