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Amid Covid-19 pandemic, customs duties eliminated on over 84 pct of medical products
Wed, Apr 29, 2020
In the midst of global Covid-19 pandemic, member countries of the Geneva-based World Trade Organization (WTO) have eliminated customs duties on over 84 per cent of medical products for 2020 under their various regional trade agreements (RTAs).
WTO: Commonwealth Trade ministers agree to resist protectionism, work together to reform the World Trade Organisation
Fri, Oct 11, 2019
WTO: Trade ministers from across the Commonwealth made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the WTO.
Singapore, Canada seek to join WTO consultations over India's ICT products tariff
Tue, May 21, 2019
Japan alleged that imposition of import duties on these products by India infringes WTO norms as India has committed zero per cent bound tariffs on these products.
Experts speak: India is not a tariff king, has the right to protect specific sectors under WTO
Sun, Apr 21, 2019
India is not a 'tariff king' and it has all the right to take appropriate measures to protect the interest of specific sectors like agriculture, international trade experts have said.
WTO talks: Declaration on critical issues likely in 25 members nations' informal meet in May
Wed, Apr 17, 2019
As part of reforms at the WTO, the US wants the formulation of some guidelines that countries with high economic growth are prevented from taking benefits of S&D, which is meant for developing and poor nations.
Guatemala drags India to WTO's dispute mechanism over sugar subsidies
Tue, Mar 26, 2019
After Brazil and Australia, Central American country Guatemala Monday dragged India into the World Trade Organisation's (WTO) dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules.
Govt working on bilateral trade pacts with more nations to push exports: Suresh Prabhu
Mon, Jan 14, 2019
Prabhu, who is also the Civil Aviation Minister, said the United Arab Emirates and Saudi Arabia have decided to use India as a base for their food security. "This is happening at an interesting time because we just had made a policy for agriculture exports which has identified food items that can be exported," he said.
G-20 Summit endorses multilateral trade system, WTO reforms
Sun, Dec 02, 2018
The G-20 Summit concluded here on Saturday, with members endorsing the multilateral trading system, and calling for reforms to the World Trade Organization (WTO), the global trade oversight bod
WTO sets up panel to resolve India-US renewable energy case; hearing soon
Fri, May 11, 2018
India had alleged that the measures of those American states are inconsistent with WTO's Agreement on Trade-Related Investment Measures and the Agreement on Subsidies and Countervailing Measures. They are inconsistent because they provide less favourable treatment to imported products vis-a-vis domestic products, and because the subsidies are contingent on the use of domestic over imported goods, India had stated in its application to WTO.
China hits back at US with 25% tariff hike on American products
Wed, Apr 04, 2018
The Chinese Customs Tariff Commission of the State Council, in a retaliatory measure, decided to impose additional tariff of 25 per cent on 106 items of products under 14 categories worth USD 50 billion, the Ministry of Finance said in a statement. The date of implementation will depend on when the US government imposes the tariffs on Chinese products.
US drags China to WTO on discriminatory technology licensing requirements
Fri, Mar 23, 2018
The United States today dragged China to the World Trade Organisation, accusing it of unfair technology practices that run counter to the WTO rules. The US Trade Representative, Robert Lighthizer, filed a request for consultations with China at the WTO to address Beijing's discriminatory technology licensing requirements.
WTO chief makes rare warning of trade war over US tariff plan on steel, aluminium
Fri, Mar 02, 2018
US tariff plan: Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan for 25 percent tariffs on steel imports and 10 percent on aluminium triggered global criticism and a slide in world stock markets. The plan was criticised in a WTO committee as early as June last year, and has caused an international outcry since Trump confirmed he intended to go ahead this week.
Possible for India to be in top 50 on ease of biz index: FM
Sat, Jan 27, 2018
Citing success achieved by India in Ease of Doing Business ranking, Jaitley said the country has moved ahead from 142 to 100th position in the last three years
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.
WTO must incorporate emerging issues to remain relevant: Suresh Prabhu
Tue, Dec 19, 2017
The talks collapsed at last week's WTO 11th ministerial conference in Buenos Aires. The meeting ended without any declaration or substantive outcome with the US going back on its commitment to find a permanent solution to the public food stockholding issue, leaving India and other developing nations disappointed.
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).
WTO losing trade focus, too easy on some developing nations: US
Tue, Dec 12, 2017
US Trade Representative Robert Lighthizer, who has said he does not want major agreements out of the meeting, voiced concern that the WTO was becoming a litigation-centered organization.
India contact WTO for solving H1B issue
Wed, May 31, 2017
India contact WTO for solving H1B issue. Watch this special segment and get to know more here.
Immediate need to synergise our efforts to boost exports, says Nirmala Sitharaman
Thu, Jan 05, 2017
Nirmala Sitharaman Minister of Commerce and Industry said that slowdown in world economy has resulted in decrease in India's exports.
China launches WTO dispute resolution case against US, EU
Mon, Dec 12, 2016
China said on Monday it had launched a dispute resolution case at the World Trade Organisation (WTO) over the surrogate country approach used by the United States (US) and European Union (EU) to calculate anti-dumping measures against Chinese exports.