EU Expresses Disappointment as India Rejects Interim Arbitration in WTO Dispute

• The European Union (EU) has conveyed disappointment at India’s refusal to engage in interim arbitration for resolving the ongoing dispute concerning import duties on specific Information and Communications Technology (ICT) products, such as smartphones and components. India defends its stance, asserting that interim agreements undermine the right to appeal to a permanent standing body and emphasizes the need to restore the functioning of the WTO appellate body.

Interim Arbitration Rejected by India

• India defends its decision at the World Trade Organization’s dispute settlement body meeting.
• Longstanding position: Interim agreements suggested by the EU undermine countries’ right to appeal to a permanent standing body.
• Importance of appellate body: India stresses the significance of restoring the functioning of the appellate body promptly.

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Published date : 26 Dec 2023 11:58AM