India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel in a case filed by the European Union against New Delhi's import duties on nine information and technology products. India's move came after both regions were not able to arrive at a mutually agreeable solution (MAS). "India and the EU have negotiated to arrive at a MAS for the past seven months, but the EU has now filed for adoption of panel report on December 7 and therefore, India has appealed against it on December 8 in the WTO," Additional Secretary in the commerce ministry Peeyush Kumar told reporters here. As part of the MAS, the EU was seeking customs duty concessions on certain goods, which was not acceptable to India as it violates WTO rules. These concessions can only be given in a free trade agreement, Kumar said. In September, the two regions had asked WTO's dispute settlement body not to adopt a ruling against New Delhi's import duties on certain ICT products li
According to WTO rules, a WTO member or members can file a case in the Geneva-based multilateral body if they feel that a particular trade measure is against the norms of WTO
The European Union and Chinese Taipei have requested the World Trade Organisation's (WTO) dispute settlement body not to adopt the panel's ruling against India with regard to an ICT duty dispute to enable the countries to resolve the issue mutually, Minister of State for Commerce and Industry Anupriya Patel informed the Lok Sabha on Wednesday. On April 2, 2019, the EU challenged the introduction of import duties by India at WTO on a wide range of ICT products like mobile phones and components, base stations, integrated circuits and optical instruments. The EU had claimed that the measures appear to be inconsistent with certain provisions of WTO. Later, Chinese Taipei and Japan joined the dispute. Since Japan has filed its motion for the adoption of the panel's report at Dispute Settlement Body (DSB) meeting at WTO, India, in response, filed its notice of appeal. "But the European Union and Chinese Taipei have made a request to the Dispute Settlement Body at WTO to defer the adoption
Segment accounts for over 15 per cent of total goods and services exports for India, others
A trade expert said India's appeal only against the Japan case and not against the EU one could be to avoid EU retaliation
Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector
The report adds that over 85% of Indian enterprises from various sectors are expecting up to 20% return on investments made in 5G and industry 4.0 use cases
This was mainly due to an improvement in information and communication technologies (ICT) services exports, venture capital recipients' value as well as finance for start-ups.
According to the trade dispute norms of WTO, if a request comes for the second time, the panel is formed
India's digital revolution is decentralising; a rapidly expanding ecosystem of ICT start-ups is working to offer solutions designed to solve many societal problems