A World Trade Organization ruling against the European Union imposing high tariffs on Taiwan-made flat-screen panels could significantly boost the Taiwanese industry, an official said Saturday.
The Dispute Settlement Body of the Geneva-based WTO determined Friday that the EU should not impose tariffs on liquid crystal display panel imports.
The ruling would waive the 14 percent tariff the EU has imposed on display panels of 19-inchese or larger, Taiwan's Vice Economics Minister Liang Kuo-hsin told a news conference Friday night.
Taiwan filed a trade complaint with the WTO in 2008, arguing panels should enjoy duty-free trade like other information technology products.
The WTO ruling, which will take effect in December unless the EU appeals, would allow Taiwanese makers to compete fairly against LG Display and Samsung Electronics Co., Liang said.
The South Korean makers enjoy duty-free panel exports under a free trade agreement with the EU.
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