World Trade Organization

Trump's withdrawal from key global bodies may weaken multilateralism, but it risks ceding international leadership to China rather than strengthening American sovereignty

Tariffs have been weaponised. They are now tools for reconfiguring global trade and foreign policy

The US is redefining global trade policy landscape

US proposals to reform the WTO question core principles like MFN and special treatment for developing nations, deepening divisions and raising doubts over the future of rules-based trade

Commerce and Industry Minister Piyush Goyal has said India is willing to play a leadership role in driving WTO reforms, but emphasised that the nature of those reforms must be shaped in consultation with developing and least-developed countries to ensure they serve global welfare rather than the agenda of a few advanced nations. He said the world recognises India's strength and leadership and the country is a responsible global citizen and it will continue to be the voice of the Global South. "We would love to lead reforms (at the World Trade Organization). But that reform will be decided in consultation with other developing and less developed countries, so that we can truly work for the welfare of the world and not just the agenda of a few developed nations," he said. The minister was here to participate in the CII Partnership Summit 2025. Goyal was replying to a question on remarks made by WTO Director-General Ngozi Okonjo-Iweala that India should take a leadership role in the

World Trade Organisation Chief Ngozi Okonjo-Iweala on Friday said India should be a leader of the reform process at the WTO. She said that India's economy is growing at a healthy pace and it is a leader in areas such as technology. She said that there is a need to look at areas in the WTO which are not working and discuss ways to correct that. "How can we correct that and here India can be a leader, India should be a leader of the reform process at the WTO...we must correct all wrongs," Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala said here at CII's partnership Summit 2025. Referring to high tariffs imposed by the US, she said the member nations should pay attention to the concerns flagged by America. India too has flagged concerns on issues like public stockholding, she said adding repeating past grievances will not help to build a strong global trading system. She appealed to all the members of the WTO to work together to strengthen the global trad

₹2,250 crore Export Promotion Mission awaits Cabinet nod

US says Trump auto tariffs were imposed on national security grounds and cannot be challenged as safeguard measures under the World Trade Organisation rules

A large number of developing economies have been benefitted, through their participation in FTAs, and increased their integration with GVCs and their share of global trade

India lodges a WTO complaint over steep US auto tariffs, citing safeguard violations and reserving its right to retaliate if talks fail

In the 25-odd years of this global trade order, there are now new losers and winners

The longstanding dispute centres on India's imposition of tariffs on information and communication technology (ICT) goods

Director-General Ngozi Okonjo-Iweala said, I am deeply concerned by the uncertainty surrounding trade policy, including the US-China stand-off

The consultation on steel and aluminium safeguard measures is the first case involving India and the US at the WTO

The Chinese spokesperson said the Asian nation is hopeful of working with the US to resolve differences through dialogue

Piyush Goyal blamed China for the current global crisis, adding that China's entry into the WTO in the 1990s and early 2000s was a turning point

Since the US has announced the imposition of reciprocal tariffs, their markets are down, and there are fears that inflation will increase

The trade tariffs running up to 100 per cent, consistent with the World Trade Organisation norms, are levied for national development and the growth of domestic industry, said Union Finance Minister Nirmala Sitharaman. Reacting to a query in defence of 100 per cent trade tariffs on some US imports, the finance minister said that tariffs are legitimate instruments. "So, when you are at a stage of development when your own industry has to grow, you will tend to make sure that, as per the WTO norms, whatever is the trade tariff which you can levy... you will levy. So that is how it's been happening and it is consistent as I said with the WTO," she said during a post-budget interaction in the port city on Thursday. Observing that trade tariffs prevailing today serve multiple purposes, such as protecting domestic industry, Sitharaman asserted that this protection will continue afterwards as well, and also emphasised on exports and the possibility of reaching newer markets. Referring to

China condemned tariffs launched or threatened by US President Donald Trump at a World Trade Organization meeting on Tuesday. Washington dismissed China's comments as hypocritical

Exports contract 4.85% to $32.1 billion; imports increase by 27% to $69.95 bn