India loses IT tariffs dispute with EU and other countries at WTO panel.

A WTO panel has ruled that India violated global trading rules in a dispute with the EU, Japan, and Taiwan over import duties on IT products. The EU is India's third-largest trading partner, and up to 600 million euros of its exports were directly affected by India's tariffs on an annual basis. India has already brought some of the challenged tariffs into line with global trading rules since last year.