World Trade Organisation, WTO, has said that after years of talks, major exporters of IT products have agreed to cut tariffs in its sector. It said the highlights include elimination of majority of tariffs within three years on products ranging from GPS systems to touch screens. In a statement issued Friday, WTO said that the agreement is a landmark, as the deal covers more than 200 products worth 1.3 trillion US Dollar in annual global trade. This is larger than global trade in automotive products or trade in textiles, clothing, iron and steel combined.WTO said that though only 54 member-states took part in the talks but all 161 nations that make up the organisation can benefit from its terms.