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| Nitin Desai: A new global oligarchy | 19-NOV-09 |
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| At the Pittsburgh Summit on September 24-25, 2009, the leaders determined that the G-20 will replace the G-8 as the “permanent council for international economic cooperation”. A new global oligarchy is coming into being and India is a part of this charmed circle. We are chuffed about the invitation to sit at the high table. In Washington next week, President Obama will ensure that this feeling of having arrived is further reinforced. |
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| Protectionism by another name | 18-NOV-09 |
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| The India-European Union Joint Customs Cooperation Committee has met in New Delhi and failed to resolve the issue over Indian generic drugs being seized when they are in transit through European ports. This may be ascribed to technical reasons, but it has ramifications for international trade and, equally importantly, for public health. The stand-off comes barely weeks after the assurance by EU’s trade commissioner, Catherine Ashton, that the EU was committed to finding a solution that works for India. The EU’s plea that such seizures are made on suspicion of either violation of intellectual property rights (IPRs), notably patent laws, or of the consignments being of counterfeit drugs, holds no water because there is no evidence to back such a position. All the consignments detained so far have eventually been found to be of genuine, off-patent generic drugs on their way to countries where these are not patented. |
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| No cure in sight for India-EU drug seizure controversy | 14-NOV-09 |
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| India and the European Union (EU) have begun discussions to resolve the ongoing dispute over the seizure of Indian generic drugs consignments in transit at European ports. Lutz Guellner, spokesperson for the European Trade Commissioner, told Business Standard that a meeting of the EU-India Joint Customs Cooperation Committee held in New Delhi on Thursday proved “constructive” with an “open discussion of the issues” taking place. |
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| Biswajit Dhar: Making the Asean FTA work | 14-NOV-09 |
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| The formalisation of Asean-India Free Trade Agreement (AIFTA) covering the goods sector marks an important step towards India’s deepening trade links with its partners in the Asian region. Viewed as the cornerstone of India’s ‘look east’ policy, this free trade agreement (FTA) would help the two partners unlock the tremendous growth potential that their closer economic integration could bring. |
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| It's tough to part with old gadgets | 08-NOV-09 |
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| Investing money on the latest gadgets comes easily to Peter Harrison, CEO of GlobalLogic, who confesses that he sometimes tends to buy gadgets in a hurry without fully understanding the utility. “It happens when you are addicted to technology,” he says. |
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| India takes drug seizure issue to WTO council | 04-NOV-09 |
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| The seizure of another consignment of Indian generic drugs, in transit, has pushed India to drag the issue to the TRIPS Council, a high-level body of the World Trade Organization (WTO) dealing with intellectual property issues. |
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| World Trade Centre to come up at Bhubaneswar | 03-NOV-09 |
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| The Orissa government has decided to set up a World Trade Centre (WTC) at Bhubaneswar. It will be set up on a franchise basis and will be a part of the global network of World Trade Centres, headquartered in New York city. |
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| India ready to face WTO over wines, spirits duties | 03-NOV-09 |
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| India is ready to face any action on the issue of high duty on wines and spirits imported from the European Union (EU) even as the two sides meet on November 6 for discussing trade and investment. |
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| Govt mulls sops for select exporters | 02-NOV-09 |
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| The government may selectively extend more sops to exporters rather than withdrawing the stimulus given to them last year in the face of global slowdown, Commerce and Industry Minister Anand Sharma has said. |
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| US wants India to decrease tariffs on industrial goods | 29-OCT-09 |
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| Commerce ministry officials are examining a demand made by the US that India should agree to steep tariff cuts on a range of industrial products that cover about 60 per cent of the latter’s overall imports. |
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