WTO Panel Rules Against India:
World Trade Organization (WTO) panel has ruled that India has violated global trading rules by imposing import duties on IT products, such as mobile phones and components, and integrated circuits.
- India had introduced import duties of between 7.5% and 20% for IT products- mobile, components, and ICs.
- In 2019, the European Union (EU), Japan, and Taiwan filed complaints with the World Trade Organization (WTO), arguing that India’s import duties violated global trading rules and exceeded the maximum rate allowed.
- The WTO panel recommended that India should bring the measures into conformity with its obligations.
- India has already brought some of the challenged tariffs into line with global trading rules since last year.
- If India appeals the ruling, the case will remain in legal limbo since the WTO’s top appeals bench is not functioning due to the US’s opposition to judge appointments.
- WTO Dispute Settlement System (DSS) are two main ways to settle a dispute once a complaint has been filed in WTO—Mutually agreed solution and through adjudication through the implementation of the panel—legally binding