Previously, Japan has greatly benefitted from many of the agreements and negotiation rounds that the WTO (World Trade Organization) has set in place. From the initial trade agreements set in place after WWII, Japan was able to freely trade with other countries and open it's doors to working with countries all around the world. Much of Japan's postwar economic expansion is due to this and to the Bretton Woods agreement. One particular agreement that has benefitted Japan is the ITA (Information Technology Agreement). Japan was one of the countries that lead this agreement which works to reduce trade barriers and eliminate tariffs for the rapidly growing electronics and IT industry. This agreement aims to completely eliminate tariffs on around 200 products for the 92 participating countries by 2024. Since Japan is a large manufacturer and exporter of electronic products, the elimination of tariffs and trade barriers for electronics is highly beneficial for the country. It was e...