tuesday, 14 may of 2019

WTO

Japan petitions WTO over India tariffs

The government filed a complaint against India with the World Trade Organization, accusing it of going back on its commitment to remove tariffs on smartphones and other electronics products.

Japan plans to urge India to eliminate the tariffs in bilateral talks under the WTO’s dispute settlement procedures. If the talks fail, Tokyo plans to request a ruling from the WTO’s dispute settlement panel.

Despite its promise to remove tariffs on electronic items, India introduced tariffs of 10 percent to 20 percent on six items, including smartphones and smartwatches, between 2014 and 2018, to promote the development of its manufacturing industry.

Tokyo alleges that New Delhi’s move violates WTO rules.

Japan’s exports of the six items to India totaled ¥14.7 billion in 2017, according to the industry ministry. India’s related tariffs are estimated at ¥2.5 billion a year.

Japan is considering the possibility of cooperating with the European Union as the EU filed a complaint over India’s smartphone tariffs last month, sources familiar with the situation said.

(Published by The Japan News, May 12, 2019)
_______________

latest top stories

subscribe |  contact us |  sponsors |  migalhas in portuguese |  migalhas latinoamérica