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World Trade Organisation News
World Trade Organisation
100-day agenda:Com min proposes major export promotion scheme to boost shipments
Mon, May 27, 2019
A new export promotion scheme has become necessary as the existing merchandise exports for India (MEIS) scheme is being opposed by the US in the World Trade Organisation (WTO), stating it is not in compliance with global trade norms, the official said.
Himachali Kala Zeera, Jeeraphool among 14 products to receive GI tag so far this year
Thu, Apr 18, 2019
A geographical indication tag is used for an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory.
US proposes tariffs on $11 billion of EU products
Tue, Apr 09, 2019
The WTO found that the subsidies have an "adverse impact" on the US, reports said. "This case has been in litigation for 14 years and the time has come for action."
World trade will continue to face strong headwinds in FY 2019-20: WTO
Tue, Apr 02, 2019
Global trade will continue to face strong headwinds this year and in 2020 after growing slowly-than-expected in 2018, due to rising trade tensions and increased economic uncertainty: WTO
Commerce ministry to notify WTO regarding revoking MFN status to Pakistan
Fri, Feb 15, 2019
After the Pulwama terror attack on Thursday, India on Friday withdrew the MFN status to Pakistan. Following this, India can raise customs duties on goods being imported from Pakistan up to the bound level duty rates. Currently, India's custom duties on goods to members of the WTO are below the bound level rates.
WTO sets up dispute panel on India-US case on export subsidies
Sun, Oct 28, 2018
The World Trade Organisation's dispute settlement body has set up a panel to examine the US complaint against certain export-subsidy measures by India as both the sides failed to resolve the issue at consultation level, an official said.
Trade war: India operating below potential; here is why
Thu, Oct 04, 2018
At a time when India is at a take-off stage to sustain a high 8% economic growth for a decade or two, the era of trade as an engine of growth as prescribed by the World Trade Organisation (WTO) seems to be at crossroads. This implicit warning came from the United Nations Conference on Trade and Development (Unctad).
World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'
Sun, Sep 30, 2018
On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.
Row over subsidies not the beginning of trade war with the US: India
Thu, Mar 15, 2018
The United States on Wednesday launched a challenge to Indian export subsidies at the World Trade Organization, saying they hurt U.S. companies by letting Indian exporters sell goods more cheaply.
Canada's WTO complaint against US could scuttle NAFTA: Expert
Fri, Jan 12, 2018
The WTO revealed on Wednesday that Canada had filed a complaint last month accusing the US of unfairly imposing countervailing and anti-dumping duties, not only on Canadian softwood lumber but also on goods from many other countries.
India 'deeply disappointed' over developments on food security
Wed, Dec 13, 2017
India today expressed "deep disappointment" over the decision of a "major member country" to renege on its commitment for a permanent solution to the public food stockholding issue at the ongoing ministerial conference of the World Trade Organisation (WTO).
India takes US to WTO for failing to drop steel duties
Fri, Jun 09, 2017
India said the United States had failed to meet an April, 2016 deadline to comply with a WTO ruling that faulted it for imposing countervailing duties on steel products from India.
U.S. Commerce's Ross says 3% GDP growth not achievable this year
Wed, May 10, 2017
Ross also said trade enforcement actions would be a major tool to cut U.S. trade deficits, adding that he has problems with World Trade Organization rules which allow widely divergent tariffs and are slow to punish violators.
'No turning back' - PM May triggers 'historic' Brexit
Thu, Mar 30, 2017
"The United Kingdom is leaving the European Union," May told parliament nine months after Britain shocked investors and world leaders by unexpectedly voting to quit the bloc. "This is an historic moment from which there can be no turning back."
Despite demonetisation, India to grow faster than China
Sat, Jan 07, 2017
"Even if the demonetisation created a slowdown, it is not going to change the long-term momentum of where India is going with its economic growth," said Dean Kishore Mahbubani of the Lee Kuan Yew School of Public Policy at the National University of Singapore.
China watching Trump policies, will defend trade rights
Thu, Nov 24, 2016
China will pay close attention to trade policies implemented by US President-elect Donald Trump, and will defend its rights in the World Trade Organisation (WTO), a senior Chinese official said on Wednesday.
Jaguar Land Rover agrees inflation-beating UK pay deal
Thu, Nov 03, 2016
Jaguar Land Rover agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and an extra lump sum, a source said, in a sign of the pressure facing firms as the cost of living rises after Brexit.
India loses WTO appeal in solar power dispute against US
Sat, Sep 17, 2016
India lost its appeal at the World Trade Organisation (WTO) in a dispute over solar power on Friday, failing to overturn a US complaint that New Delhi had discriminated against importers in the Indian solar power sector.
India will present proposals to WTO on trade facilitation deals in services: Nirmala Sitharaman
Wed, Sep 07, 2016
India will present proposals to the World Trade Organisation (WTO) on ways to ease trade in services, Commerce Minister Nirmala Sitharaman said on Wednesday, as Asia's third-largest economy seeks to leverage one of its competitive strengths.
Govt taking a relook at free trade agreements: Nirmala Sitharaman
Wed, Sep 07, 2016
Government is reviewing free trade agreements (FTAs) that India has signed with trading partners after the industry voiced concerns about benefits of these pacts for domestic players.