Page 2 - Trade Disputes

India, US to end 6 trade disputes at WTO; Delhi to remove customs duties

India and the US have agreed to end six trade disputes at the World Trade Organisation while New Delhi will also remove retaliatory customs duties on 28 American products such as almonds, walnuts, and apples, according to an official statement. This comes amid Prime Minister Narendra Modi's State Visit to the US at the invitation of President Joe Biden and First Lady Jill Biden. In 2018, the US imposed 25 per cent and 10 per cent import duties on certain steel and aluminium products respectively on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products, including chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents. "United States Trade Representative Katherine Tai today announced that the United States and the Republic of India have agreed to terminate six outstanding disputes at the World Trade Organization. India also agreed to remove retaliatory tariffs which it had imposed in response to the .

UK and EU leaders to hold talks amid hope to fix Brexit trade dispute

British Prime Minister Rishi Sunak and European Union leader Ursula von der Leyen are set to hold face-to-face talks, with expectations high they will seal a deal to resolve a thorny post-Brexit trade dispute. That would mark a breakthrough after months of bitter wrangling that has soured UK-EU relations, sparked the collapse of the Belfast-based regional government and and threatened to set back Northern Ireland's decades-old peace process. In a joint statement on Sunday the UK and the EU said European Commission President von der Leyen will travel to Britain on Monday so the leaders can work towards "shared, practical solutions for the range of complex challenges around the Protocol on Ireland and Northern Ireland. Sunak's office set out a tightly choreographed agenda for Monday suggesting a deal is all but done. It said the leaders' lunchtime final talks would be followed by a meeting of the UK Cabinet, then, if there is a deal, by a joint news conference and a statement by Sunak

Right time for India to resolve trade disputes with US

The Biden administration can now move forward to strengthen the WTO dispute settlement process by clearing the way for appointment of requisite number of members to its appellate body

India steadfast in ensuring rule of law as member of Int'l community: Govt

The upholding of international law is central to our diplomacy and in fact our world view, he said

China's irritated trade partners push back on coronavirus food tests

China says it has found the virus on the packaging of products from 20 countries including German pork, Brazilian beef and Indian fish

EU urges US to solve trade disputes after aircraft tariffs kept unchanged

"The EU believes that both sides should now build on this decision and intensify their efforts to find a negotiated solution to the ongoing trade irritants"

ICT tariff case: WTO accepts Chinese Taipei, Japan requests against India

According to the trade dispute norms of WTO, if a request comes for the second time, the panel is formed

WTO panel report on India sugar subsidy case may not come before Q2, 2021

In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules

WTO top court for trade disputes to lapse for the first time on Dec 10

A meeting of the WTO's Dispute Settlement Body (DSB) last week was the last chance for nations to break the more than two-year-long deadlock but saw both sides dig into their positions, sources said

Trade disputes' fate hangs in balance with top WTO body about to lapse

Dispute settlement mechanism will break down as the 7-member appellate body becomes defunct on Dec 10

Why India lost a major trade dispute with US at World Trade Organization

Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners

UP govt asks district chiefs to speed up setting up of commercial courts

Commercial courts are helmed by judicial officers with experience in commercial and trade matters.