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India and Taiwan asked WTO body to postpone decision on ICT import duty dispute, this is the reason
WTO: A WTO dispute panel said in its report on April 17, 2023, that the import duties imposed by India on certain information and technology products violate global trade norms. The decision came after a case was filed by the EU, Japan, and Taiwan against these tariffs in the WTO.
India and Chinese Taipei (Taiwan) have asked the World Trade Organization (WTO) dispute settlement body not to take any decision against New Delhi's import duties on certain information and technology products till July 26 as 'both sides are unable to resolve the matter'. Engaged.' An officer said this.
The matter was brought up on April 26 at the Geneva meeting of the Dispute Settlement Body (DSB). To aid in dispute resolution, the Geneva-based official stated that during the meeting, both nations requested that the DSB postpone considering the dispute panel reports until July 26, 2024. He said that this has the approval of the body.
Additionally, the DSB had previously granted Taiwan's and India's three requests for a delay in reviewing the reports. Within sixty days of the order's issuance, the DSB must adopt the panel's decision for implementation by WTO regulations. However, the two nations may ask the DSB to postpone the decision's adoption at their mutual request.
