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There is a new global trade agreement that will make IT products cheaper. More than 50 countries agreed to end tariffs and import duties over 200 IT products. All 28 countries the European Union signed, as well as China, Japan, South Korea, the U.S. and others. The deal was signed a World Trade Organization meeting Geneva. It will affect a wide variety products, including smartphones, digital cameras, ink cartridges, video game consoles and even telecommunications satellites. Import duties will be completely removed the selected IT products the next four years. The deal applies $1.3 trillion worth global trade. This is about 7 per cent all world trade.

Many people believe the deal will be good the world. The EU Trade Commissioner, Cecilia Malmström, said: "This is a great deal consumers, and for companies big and small. We've worked hard [] this compromise between different countries to find the best solutions." She added: "This deal will cut costs consumers and business - particular, smaller firms, which have been hit especially hard… the past." Ms Malmström hopes more countries will sign to the deal the next few years. She said: "It clearly shows that countries around the world can work together to achieve solutions that benefit everyone. I [expect to see] other countries joining soon."

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