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WTO gives Taiwan, India more time on IT duty dispute
By
Kirtika Suneja
, ET Bureau
Synopsis
India and Taiwan get more time on import duty dispute. The World Trade Organization (WTO) has accepted their request. They wanted to delay the ruling on import duties. These duties are on certain information and technology products. This is the seventh time the decision is postponed. The dispute started in 2019. Japan, the EU, and Taiwan challenged India's import duties.
AgenciesIn a breather for manufacturers of mobile phones and components in India, the World Trade Organization's dispute settlement body (DSB) has accepted a request from India and Taiwan to further defer the adoption of the ruling against New Delhi's import duties on certain information and technology products till October 24.
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The two sides sought the postponement last week, officials said. This is the seventh time the adoption of the ruling is deferred. "The DSB had agreed to six previous requests from the two sides to delay consideration of the reports," said an official.
The dispute was filed in 2019 when Japan, the EU and Taiwan had challenged the import duty of 7.5%-later increased to 15%-levied by India in 2017. The duty was later raised to 20% to boost local manufacturing.
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