Dive Brief:
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Rules governing the trade of more than 200 IT products may be dropped by Friday.
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Negotiations over the 1996 Information Technology Agreement have been stalled since November of last year.
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The Semiconductor Industry Association predicts the deal would elevate global gross domestic product by about $190 billion a year.
Dive Insight:
Over the weekend, 54 nations meeting at a European Union mission in Geneva tentatively agreed to expand the number of IT products on which tariffs could soon be dropped to 200. The products include semiconductors, global positioning system devices and video game consoles, among others.
The WTO said they hope to have a final deal by the end of this week. The list has an annual trade value of approximately $1 trillion, the organization said.
