SIA Applauds Renewal of WTO Tariff Moratorium, Urges WTO to Make it Permanent
June 21, 2022 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from President and CEO John Neuffer in support of the outcomes produced by the World Trade Organization’s (WTO’s) 12th Ministerial Conference (MC12). Among the critical results achieved during the ministerial was a renewal of the WTO Moratorium on Customs Duties on Electronic Transmissions, an agreement that has served as a foundation for global digital trade for the last quarter-century.
“After a rocky start, MC12 produced important outcomes for global trade in semiconductors and a range of other essential technologies, services, and industrial products. We greatly appreciate the strong leadership of Director-General Ngozi Okonjo-Iweala and the tireless work of the U.S. negotiating team and all Ministers to deliver positive results, including the agreement to extend the WTO Moratorium on Customs Duties on Electronic Transmissions until the next Ministerial. For nearly 25 years, the Moratorium has supported the explosive growth of global trade for big and small companies across all sectors, including Internet-related services, entertainment, semiconductors, and consumer and industrial electronics.
“Ultimately, the WTO needs to make the Moratorium permanent, so we can put behind us the highly unpredictable renewal process that exposes the global economy and America’s industries and workers to damaging uncertainty. SIA stands ready to make this case forcefully while demonstrating to developed and developing countries alike the benefits of keeping digital goods and services free of import duties across all sectors.”
Suggested Items
AIM Solder Signs Shinil Fl Ltd. as New Distributor for Korea
05/08/2024 | AIM SolderAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce a new distribution partnership with Shinil Fl Ltd., a prominent supplier of technological solutions in the SMT and semiconductor sectors.
KYZEN’s Adam Klett to Keynote at SMTA Electronics in Harsh Environments Conference
05/07/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, announced today that KYZEN’s Director of Science, Adam Klett, PhD will present as a keynote speaker at the SMTA Electronics in Harsh Environments Conference. The event is scheduled to take place May 14-16, 2024 at the Technical University of Denmark in Copenhagen, Denmark.
Altus Equips SSTL with Advanced Cleaning Technology for Electronics
05/07/2024 | Altus GroupAltus Group, a leading supplier of capital equipment for the electronics manufacturing industry, has announced the successful installation of an advanced PCBA cleaning system at Surrey Satellite Technology Limited (SSTL).
GPV's Handover of Refurbished Factory Building
05/07/2024 | GPVOn 6 May 2024, Bjorn Fiskers, MD at GPV Electronics TH in Thailand and his team were handed the keys to our refurbished factory building, adding another 7,000 sqm to our current 15,000 sqm electronics factory. Our electronics factory in Thailand will comprise of a total of 22,000 sqm.
Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024
05/07/2024 | SEMIWorldwide silicon wafer shipments decreased 5.4% quarter-over-quarter to 2,834 million square inches in the first quarter of 2024, a 13.2% drop from the 3,265 million square inches recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry.