The WTO ruled in favor of the EU in a case against India’s tariff on certain ICT products, finding that the tariffs were illegal and not in line with India’s WTO commitments. The affected EU exports are up to €600 million annually, with a greater impact on European companies that also export to India from other countries. India’s justifications for the tariffs were not accepted by the panel, and no mistake was found in determining India’s tariff commitments. The EU initiated the dispute settlement case in 2019, with Japan and Taiwan filing parallel cases covering the same issue. The WTO is expected to rule on these cases on April 17, 2023.
Source ec.europa.eu
Latest Posts in "China"
- China Approves VAT Law Implementation, Set to Take Effect January 2026
- Hainan Launches Tariff-Free Customs Regime to Boost Trade and Strategic Economic Development
- China Launches Island-Wide Special Customs Zone in Hainan to Boost Free Trade
- Hainan’s Special Customs Regime to Drive Innovation and Openness, Expert Says
- Xi’an Tax Bureau and Police Crack Down on Major VAT Invoice Fraud by Yunsidi Tech
