SIA Statement on WTO’s Renewal of Moratorium on Customs Duties on Electronic Transmissions

Monday, Mar 04, 2024, 1:00pm

by Semiconductor Industry Association

WASHINGTON—March 4, 2024— The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer in response to the decision by the World Trade Organization (WTO) to renew the Moratorium on Customs Duties on Electronic Transmissions during the 13th Ministerial Conference (MC13) in Abu Dhabi.

“In terms of high drama, once again, the WTO Ministerial Conference didn’t disappoint. Thankfully, trade negotiators were able to overcome obstacles to deliver an extension of the Moratorium, which has been a cornerstone of the digital economy – enabling semiconductor supply chains, fueling economic growth and innovation across the globe, and helping to bridge the digital divide.

“While we celebrate this outcome, we recognize that more needs to be done to educate businesses and policymakers on the importance of the Moratorium. The semiconductor industry supports making the Moratorium permanent, which will provide the stability and predictability necessary for sustained innovation and growth in the digital age. We stand ready to work with the government and industry stakeholders to achieve this goal.”

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