BR100 Increased By (2.12%)
BR30 Increased By (2.31%)
KSE100 Increased By (1.96%)
KSE30 Increased By (1.93%)
AGHA 6.18 Increased By ▲ 0.06 (0.98%)
BECO 4.23 Increased By ▲ 0.07 (1.68%)
BML 61.84 Decreased By ▼ -0.89 (-1.42%)
BOP 31.70 Increased By ▲ 0.80 (2.59%)
CNERGY 12.06 Increased By ▲ 0.09 (0.75%)
CSIL 5.63 Increased By ▲ 0.21 (3.87%)
FCCL 58.71 Increased By ▲ 1.93 (3.4%)
FFL 13.47 Increased By ▲ 0.13 (0.97%)
FNEL 1.17 Increased By ▲ 0.02 (1.74%)
KEL 6.14 Increased By ▲ 0.14 (2.33%)
KOSM 5.66 Increased By ▲ 0.18 (3.28%)
LOTCHEM 24.82 Increased By ▲ 0.45 (1.85%)
MLCF 102.09 Increased By ▲ 4.60 (4.72%)
NBP 179.66 Increased By ▲ 5.16 (2.96%)
NCPL 50.05 Increased By ▲ 1.58 (3.26%)
NPL 52.90 Increased By ▲ 2.67 (5.32%)
OGDC 316.24 Increased By ▲ 5.77 (1.86%)
PACE 9.21 Increased By ▲ 0.16 (1.77%)
PAEL 34.02 Increased By ▲ 0.95 (2.87%)
PIBTL 13.42 Increased By ▲ 0.27 (2.05%)
PPL 221.30 Increased By ▲ 4.13 (1.9%)
PRL 84.60 Decreased By ▼ -1.06 (-1.24%)
PTC 48.38 Increased By ▲ 2.19 (4.74%)
SSGC 22.94 Decreased By ▼ -0.38 (-1.63%)
TBL 9.30 Increased By ▲ 0.28 (3.1%)
TELE 7.07 Increased By ▲ 0.34 (5.05%)
TPL 25.86 Decreased By ▼ -0.24 (-0.92%)
TPLP 13.11 Increased By ▲ 0.44 (3.47%)
TREET 24.99 Increased By ▲ 1.19 (5%)
TRG 54.03 Increased By ▲ 0.86 (1.62%)
By

GENEVA: A World Trade Organization panel said on Monday that India had violated global trading rules in a dispute with the European Union, Japan and Taiwan over import duties on IT products.

“We recommend that India bring such measures into conformity with its obligations,” the WTO panel’s report said.

In 2019, the EU challenged India’s introduction of import duties of between 7.5% and 20% for a wide range of IT products, such as mobile phones and components, as well as integrated circuits, saying they exceeded the maximum rate. Japan and Taiwan filed similar complaints that same year.

Apple CEO Cook to meet Indian PM Modi amid expansion: sources

The EU is India’s third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission.

India’s diplomatic mission in Geneva did not immediately respond to a request for comment on whether it would appeal against the ruling. If it does, the case will sit in legal purgatory since the WTO’s top appeals bench is no longer functioning due to U.S. opposition to judge appointments.

The WTO panel said that India had already brought some of the challenged tariffs into line with global trading rules since last year. While the panel broadly backed the complaints against India, it rejected one of Japan’s claims that New Delhi’s customs notification lacked “predictability”.

Comments

Comments are closed for this article.