Key Points
New Delhi: India is exploring ways to counter the EU's domestic law that allows it to impose retaliatory tariffs in response to an appeal into the non-functioning dispute settlement mechanism of the World Trade Organization (WTO)...
Officials said the EU law violates global trade norms and can become another dispute at the organisation..
While the EU has not invoked the law as yet, New Delhi is also examining if it can retaliate by imposing higher duties on products coming from the EU against the quota restrictions put in place by the bloc on steel imports from India in 2020...
The EU has in place Enforcement Regulation that allows it to enforce its rights by imposing customs duties or other restrictions in response to an appeal into the void (the non-functioning WTO Appellate Body)...
In 2020, the EU implemented tariff rate quotas (TRQ) on steel imports, following the US decision to impose additional import duties on steel from several countries including Russia, India and Turkey..
You might be interested in
India, EU get 3 months to resolve ICT dispute
15, Jun, 23At a meeting of the Dispute Settlement Body (DSB), the WTO granted it additional time to consider the adoption of the panel ruling, which had, on April 17, said that the import duties imposed by India on certain information and technology products violate global trading norms under the Information Technology Agreement, based on disputes filed by the EU, Japan and Taiwan against these duties.
India seeks to settle WTO import duty dispute with EU on ICT goods through free trade talks
10, Dec, 23Following a ruling of the World Trade Organisation's (WTO) dispute panel on April 17 that import duties imposed by India on certain information and technology (ICT) products such as mobile phones and components, base stations, integrated circuits and optical instruments violate global trading norms, India and the European Union (EU) are discussing ways to resolve the matter amicably outside the ambit of the WTO.
India criticises safeguard measures on import of certain steel products by EU, UK in WTO meet
25, Oct, 23Several countries, including India, Switzerland, Russia, and Japan, have criticized the EU and the UK for their safeguard measures on steel imports, stating that they are inconsistent with global trade rules. The countries, speaking at the World Trade Organisation's Safeguards Committee meeting, argued that the measures violated WTO rules.
Cos get breather as import curbs on PCs are deferred
05, Aug, 23Apple, Dell, HP, Lenovo, Samsung, among others, halt PC shipments to India