NEW DELHI: The World Trade Organisation's dispute settlement body (DSB) has accepted a request from India and Taiwan to not adopt the ruling against New Delhi's import duties on certain information and technology products till October-end, offering a breather to manufacturers of mobiles phones and components in India.
The two nations had earlier been given time until September 19, 2023, then December 18, 2023 and then April 26, 2024 to resolve the dispute regarding New Delhi's import duties on certain IT products. The two sides are currently engaged in resolving the dispute mutually. They had sought more time from the DSB to consider the adoption of the panel's rulings in the case initiated by Taiwan on India's tariffs on certain high-tech goods, people privy to the matter said. The issue came up at a meeting ..
If the talks fail, Taiwan could adopt the WTO panel filings and India could take the case to the Appellate Body of the WTO, which hasn't been functional for nearly two years due to the US blocking the appointment of judges. India has appealed against the ruling in its dispute with Japan and the EU. The dispute was filed in 2019 when the three members had challenged the import duty of 7.5%-later increased to 15%-levied by India in 2017. India raised the duty to 20%. India had imposed these duties ..
As per the rules of the WTO, the panel's ruling will have to be adopted by the DSB for implementation within 60 days of the release of the order.
Source Name : Economic Times