ENA Global 2023-06-06 16:35:49 <p><span style="font-size:14px"><strong>New Delhi, June 6 (KNN)</strong> India and the European Union (EU) on Monday asked the dispute settlement body of World Trade Organisation (WTO) to not adopt a ruling against New Delhis import duties on certain information and communication technology (ICT) products till September 19.</span></p> <p><span style="font-size:14px">Both the sides have expressed agreement to engage in bilateral talks to resolve the matter, reported ET.</span></p> <p><span style="font-size:14px">India and the EU have called for a special meeting of the WTO's dispute settlement body (DSB) on June 15, as per a communication to the WTO.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">They urged the DSB not to adopt the WTO's dispute settlement panel's ruling of April 17.</span></p> <p><span style="font-size:14px">The ruling stated that India's import duties on certain information and technology products are inconsistent with the global trade norms.</span></p> <p><span style="font-size:14px">We consider that the draft DSB decision (as provided by India and the EU) if adopted, would facilitate the resolution of the dispute, the communication said.</span></p> <p><span style="font-size:14px">As per the rules of the WTO, the panel's ruling will have to be adopted by the DSB for implementation within 60 days of the release of the order.</span></p> <p><span style="font-size:14px">According to the draft decision submitted by the two regions for the body, The DSB agrees that, upon a request by the European Union or India, the DSB shall no later than 19 September 2023 adopt the report of the Panel in the dispute India - Tariff Treatment on Certain Goods in the Information and Communications Technology Sector of 17 April 2023. <em><strong>(KNN Bureau)</strong></em></span></p> 33614 https://knnindia.co.in/news/newsdetails/global/india-eu-agree-to-resolve-dispute-related-to-ict-import-duties-urge-wto-to-not-adopt-ruling-till-sept-19 2023-06-06 16:35:49 knnindia.co.in