The move comes after bilateral engagements with the trade bloc had failed earlier this year
Nations including the US, UK, Japan, and Canada have sought answers from India about its continued export bans and other agricultural policies at the World Trade Organization (WTO)
China undergoes first WTO review since 2021
India should prepare for changing dynamics
The scheme came into effect over three years ago to refund the embedded non-creditable central, state and local levies paid on inputs to exporters to boost India's exports
The WTO dispute settlement mechanism was made dysfunctional by the refusal of the US to appoint judges
India can do better in electronics exports
Despite its benefits to global prosperity, the WTO may be on its last legs, unless something changes dramatically
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
The EFTA's market access offer covers 100 per cent of non-agricultural products and tariff concessions on processed agricultural products
Issues like subsidies, public stockholding for food security persist
The ongoing WTO 13th ministerial conference (MC13) in Abu Dhabi, which was supposed to end on February 29, has been extended by a day due to the logjam over key issues
Along with India, South Africa also joined the WTO to block the Investment Facilitation Development Agreemen
"It's hard to tell if we are going to land something or if we are sleepwalking into failure," said one trade delegate
As per the WTO, the Investment Facilitation for Development (IFD) Initiative, was originally launched in the spring of 2017 by a group of developing and least-developed WTO members
India would benefit from a move of over 70 nations like the UK, UAE and Australia that have agreed to take on additional obligations in the services sector under an agreement of the WTO, an official said on Tuesday. These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on Goods in Services (GATS) to ease non-goods trade among themselves and extend similar concessions to all other members of the WTO. These obligations under their schedules in GATS seek to mitigate unintended trade restrictive effects or measures relating to licensing requirements and procedures, qualification requirements and procedures, and technical standards among themselves, the official added. The disciplines will be applied on a "most-favoured nation" principle, meaning that they will benefit all WTO members. It will also benefit Indian professional companies which will now have equal opportunity to access markets in these 70 countries, if they meet the
WTO draft text proposes to 'agree, adopt' a binding framework until next meet
Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global consensus on the issue may be starting to crack. As the World Trade Organisation opens its latest biannual meeting of government ministers Monday, its longtime moratorium on duties on e-commerce products which has been renewed almost automatically since 1998 is coming under pressure as never before. This week in Abu Dhabi, the WTO's 164 member countries will take up a number of key issues: Subsidies that encourage overfishing. Reforms to make agricultural markets fairer and more eco-friendly. And efforts to revive the Geneva-based trade body's system of resolving disputes among countries. All of those are tall orders, but the moratorium on e-commerce duties is perhaps the matter most in play. It centres on electroni
India will strongly oppose a China-led proposal for an investment facilitation pact besides pressing for finding a permanent solution to public stock holding of grains for food security and protection of the interests of fishermen at the WTO ministerial meeting beginning Tuesday. The Indian delegation is led by Commerce and Industry Minister Piyush Goyal. The four-day 13th ministerial conference (MC13) will start on February 26 in Abu Dhabi, the United Arab Emirates (UAE). Trade ministers of 164 member countries of the World Trade Organisation (WTO) are meeting against the backdrop of the uncertain global economic situation due to the Red Sea crisis, the Ukraine-Russia war and the Israel-Hamas conflict. The key issue of India's interests at the meeting relates to finding a permanent solution for its minimum support price (MSP) issue for food security, agricultural reforms, fisheries subsidies, e-commerce moratorium on import duties, dispute settlement, and WTO reforms. *Food securi