US, Korea raise concerns on India's decision to impose import restrictions on laptops, computers - News Summed Up

US, Korea raise concerns on India's decision to impose import restrictions on laptops, computers


The US, China, Korea and Chinese Taipei have raised concerns on India's decision to impose import restrictions on laptops, and computers, in a meeting of the World Trade Organisation (WTO), an official said. On August 3, India imposed import restrictions on a host of IT hardware products as laptops, personal computers (including tablet computers), micro computers, large or mainframe computers, and certain data processing machines with a view to boost domestic manufacturing and cut imports from countries like China. The official said that Korea stressed that the proposed measures by India seem inconsistent with WTO rules and could consequently create unnecessary trade barriers. India imports about USD 7-8 billion worth of these goods every year. The country has imported personal computers, including laptops, worth USD 5.33 billion in 2022-23, as against USD 7.37 billion in 2021-22.


Source: The Telegraph October 17, 2023 08:02 UTC



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