Page 6 - World Trade Organisation
Global merchandise trade volumes likely to nosedive in H1, says WTO
The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.
 "Global merchandise trade volumes likely to nosedive in H1, says WTO")
WTO head Roberto Azevedo calls virtual meet, likely to step down: Report
Brazilian Roberto Azevedo, 62, has been director-general at the Geneva-based trade body since 2013 and was on a second term of office due to conclude at the end of August 2021
 "WTO head Roberto Azevedo calls virtual meet, likely to step down: Report")
Coronavirus pandemic adds a major blow to struggling shipping industry
The pandemic adds a major blow to an industry reeling from a toxic combination of geopolitical tensions, trade restrictions and natural disasters in 2019
 "Coronavirus pandemic adds a major blow to struggling shipping industry")
WTO-compliant remission of tax scheme for exporters gets canbinet nod
Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.
 "WTO-compliant remission of tax scheme for exporters gets canbinet nod")
India for elimination of trade-distorting subsidies on agriculture in WTO
On the World Trade Organization's (WTO) appellate body for dispute settlement, he said early restoration of the full strength of the body will help in realising the objectives of the WTO
 "India for elimination of trade-distorting subsidies on agriculture in WTO")
WTO extends ban on tariffs for digital trade, India set to benefit
The decision came after talks ran late into Monday evening, two trade officials said
India appeals against WTO settlement panel ruling on export subsidies
India has contested that it should be given an eight-year phase-out period as was available to other developing countries
 "India appeals against WTO settlement panel ruling on export subsidies")
India and its Brics dilemmas
The five-country group faces challenges arising from bilateral differences and diverse political systems
 "India and its Brics dilemmas")
WTO backs US in trade dispute, says India's export subsidies illegal
The US has also cornered India at the multilateral platform, stating WTO rules prohibit middle-income nations from providing market distorting export subsidies at all
 "WTO backs US in trade dispute, says India's export subsidies illegal")
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
 "Why India lost a major trade dispute with US at World Trade Organization")
India involved in 14 disputes at WTO currently, says Piyush Goyal
At present, India is involved in 14 WTO disputes, all of which are being handled by domestic law firms
 "India involved in 14 disputes at WTO currently, says Piyush Goyal")
Rebuilding trust among countries
WTO's success lies in collective work and all its negotiations must follow the fundamental principle of multilateralism
 "Rebuilding trust among countries")
US has raised concerns, wants reform in trade body's functioning: WTO chief
The meeting is first time WTO members have gathered since President Donald Trump's announcement last week of a 25% tariff on US imports of steel and 10% on aluminium
 "US has raised concerns, wants reform in trade body's functioning: WTO chief")
Indian export subsidy hurting American firms: US complains at WTO
According to the Indian government documents, thousands of Indian companies are receiving benefits totaling to over $7 billion annually from these programs