India moves WTO dispute panel over ICT import duties

India moves WTO dispute panel over ICT import duties

• India has moved the World Trade Organization’s (WTO) apex dispute resolution body, the Appellate Body, against a WTO panel ruling that said its import duties on some information and technology products are inconsistent with global trade norms.
• The ruling could have serious implications for India’s trade policies and could potentially result in changes to the way the country provides support measures. However, the Commerce Ministry has stated that the appeal will not have any adverse impact on domestic industry.
• India will appeal the ruling in the WTO’s appellate body, which is the final authority on such trade disputes. However, the appellate body is currently not functioning due to differences among member countries to appoint members, with the US blocking the appointment of members. Even if the appellate body starts functioning now, it could take over a year to take up India’s appeal.
• The dispute is the latest in a series of trade disputes involving India, which has been at the center of several WTO cases in recent years. Last year, India appealed against a WTO ruling that found the country’s domestic support measures for sugar and sugarcane to be inconsistent with global trade norms.

Also Read: May Weekly Current Affairs (International) Bitbank: In which country India is building the Ekatha Harbour port?

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Published date : 27 May 2023 05:09PM