ICT levy dispute at WTO: EU softens stance on retaliating against India

According to the European Commission, EU exports of such technology affected by India's violations is up to €600 million annually, which is significant

In a significant shift from its earlier position, the European Union (EU) has expressed its preference for reaching a mutually satisfactory resolution with India over a dispute on tech products, even though it has the option of imposing retaliatory tariffs under its domestic regulation, following New Delhi’s appeal against a World Trade Organisation (WTO) ruling that favoured the trade bloc.

“Given the WTO Appellate Body is currently not functioning, this is an appeal ‘into the void’. The report (by the WTO’s dispute settlement panel) is therefore not up for adoption anymore but in limbo, pending before the non-functioning Appellate Body. 

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