World Trade Organization

India open to leading WTO reforms, but seeks consensus on agenda: Goyal

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

India should be leader of reform process at WTO: Ngozi Okonjo-Iweala

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

US tariffs on the horizon: Exporters seek rollout of promotion schemes

₹2,250 crore Export Promotion Mission awaits Cabinet nod

US rejects India's WTO claim on auto tariffs, cites security grounds

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

Plurilateral agreements may help keep WTO relevant into the future

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 challenges 25% US auto tariffs at WTO, seeks safeguard consultations

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

Revenge of the rich: Time to rethink and rewrite the global trade script

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

European Union open to resolving tech trade dispute with India at WTO

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

Tariff pause eases trade slide, but strong downside risks persist: WTO

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

India unlikely to raise dispute against US at WTO over reciprocal tariff

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

China says open to dialogue with US, but 'threats not the right way'

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

Trade talks on, applied tariffs on US items not 'humongous': Piyush Goyal

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

Don't think govt is in a great hurry to sign BTA with US: Ashwani Mahajan

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

WTO compliant trade tariffs meant for national development: FM Sitharaman

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

WTO holds 'constructive' talks after China condemns Trump's 'tariff shocks'

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

India's merchandise trade deficit widens to a record $37.8 bn in Nov

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

India seeks stronger WTO subsidy regulations for high seas fishing

India has pitched at the WTO for stricter regulations on subsidies granted by countries that are engaged in high seas fishing activities, an official said. Highlighting the stark disparity, an Indian document submitted at the World Trade Organization (WTO) has noted that it provides a modest USD 35 per fisher annually, compared to subsidies as high as USD 76,000 per fisher per year in some European nations. India also suggested that historical subsidisers should seek permission of the Committee on Fisheries Subsidies for grant of subsidies in future. The country has made these remarks in the meetings of the Negotiating Group on Rules (Fisheries subsidies), which are going on in Geneva. "India has pitched for strong disciplines for historical fisheries subsidisers which are engaged in distant water fishing (200 nautical miles from sea shore) and has asked for a moratorium on subsidies at the present level for 25 years," the official said. On these demands, India was supported by ..

WTO: India for 'per capita distribution of subsidies' criteria for fishers

India also flagged the difference in the amount of subsidy provided by developing nations such as India, as compared to developed nations

WHO chief congratulates Okonjo on reappointment as WTO Director General

On her reappointment, Ngozi Okonjo-Iweala thanked the members and highlighted the challenges she plans to address

India must infuse flexibility in policy amid shifting global trade dynamics

India needs to develop a better understanding of the evolving dynamics of global trade institutions and trade rules among its trade negotiators