Key Points
New Delhi: In a breather for manufacturers of mobiles and components in India, the World Trade Organizations dispute settlement body (DSB) has accepted a request from India and Taiwan to further defer the adoption of the ruling against New Delhis import duties on certain information and technology products till April 25 next year...
The two were earlier given time until September 19, 2023 then December 18, then April 26, 2024 and then October 31 to resolve the dispute regarding New Delhis import duties on certain information and technology products...
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..
The two sides are engaged in resolving the dispute mutually and had sought more time from the DSB to consider the adoption of the panel rulings in the case initiated by Taiwan on Indias tariffs on certain high-tech goods, people privy to the matter said...
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 hasnt been functional for nearly two years due to the US blocking the appointment of judges...
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