CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the country which has raised a complaint at the World Trade Organization about India’s duties on mobile phones?
A
Japan
B
China
C
US
D
Malaysia
Explanation: 

Detailed explanation-1: -The complaint was filed by the Japanese government on May 10 when it requested for consultations over India’s duty regime. The complaint comes against India’s duties on mobile phones, base stations and routers, as well as the circuit boards and other components that go into these devices.

Detailed explanation-2: -India’s export competitiveness has been improved by the WTO. The lower tariff has helped integrate with the global economy more efficiently. India’s growth and development have been pursued by transferring and exchanging technology and ideas.

Detailed explanation-3: -The government has imposed a 22% import duty on smartphones, inclusive of a 20% basic customs duty and a 2% social welfare surcharge since FY21. India has kept a high import duty structure since 2015 in order to promote local manufacturing of mobile phones.

Detailed explanation-4: -India has been a member of the WTO since January 1995 and also had been a member of the WTO’s forerunner General Agreement on Tariffs and Trade (GATT) since July 1948.

There is 1 question to complete.