World Trade Organization Wto

India, Chinese Taipei ask WTO to delay ruling on ICT import duties dispute

India and Chinese Taipei have asked the WTO's dispute settlement body not to adopt any ruling against New Delhi's import duties on certain information and technology products till July 26 as both sides are engaged in resolving the matter, an official said. The issue came up during a meeting of the dispute settlement body (DSB) in Geneva on April 26. In the meeting, the two countries asked DSB to delay consideration of a dispute panel's reports until July 26, 2024 in order to help facilitate resolution of the disputes, the Geneva-based official said, adding that the body agreed to that. Earlier also, DSB had agreed to three previous requests from India and Chinese Taipei to delay consideration of the reports. As per rules of the WTO, the panel's ruling will have to be adopted by DSB for implementation within 60 days of the release of the order. However, countries can mutually request DSB for delay in adoption of the ruling. In its report, a dispute panel of WTO on April 17, 2023

Govt needs to be transparent, must avoid selective protectionism

One of the major pillars or principles of the General Agreement on Trade and Tariffs (GATT) under the auspices of the World Trade Organisation (WTO) was the abolition of quantitative restrictions

India challenges WTO panel ruling in favour of EU on ICT import duties

India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel in a case filed by the European Union against New Delhi's import duties on nine information and technology products. India's move came after both regions were not able to arrive at a mutually agreeable solution (MAS). "India and the EU have negotiated to arrive at a MAS for the past seven months, but the EU has now filed for adoption of panel report on December 7 and therefore, India has appealed against it on December 8 in the WTO," Additional Secretary in the commerce ministry Peeyush Kumar told reporters here. As part of the MAS, the EU was seeking customs duty concessions on certain goods, which was not acceptable to India as it violates WTO rules. These concessions can only be given in a free trade agreement, Kumar said. In September, the two regions had asked WTO's dispute settlement body not to adopt a ruling against New Delhi's import duties on certain ICT products li

India seeks 5 yr patent waiver for Covid diagnostics, therapeutics from WTO

India is among eight other developing nations pushing for a patent waiver that has already been authorised for the use of the Covid-19 vaccine

'Pandemic is still alive; need to extend TRIPS waiver to Covid diagnostics'

Four countries, including India and South Africa, have asked the WTO members to extend patent waiver to Covid-19 diagnostics and therapeutics as the pandemic is still alive and the risk of new variants remains real, an official said. These four member countries of the World Trade Organization (WTO) raised the demand in an informal meeting of TRIPS (Trade-Related aspects of Intellectual Property Rights) Council in Geneva on Wednesday, the official said. In June last year, members of the WTO agreed to grant a temporary patent waiver for the manufacturing of Covid-19 vaccines for five years. It was also agreed to start talks on including therapeutics and diagnostics, as proposed by India and South Africa, under the purview of this waiver. The proponents of the proposal for extension argued that a decision on this was long overdue and should be taken at the General Council (GC) meeting of the WTO in December. This would also complement and support the work of the WHO (World Health ...

India faces queries from WTO on PMGKAY extension and rice export ban

Countries, including the United States, European Union, Canada, Australia, Switzerland, and New Zealand, are seeking clarity on the expiry dates of India's export restrictions and duties

India's interests at stake as world trade talks take a green turn

Country has raised objections to European Union's Carbon Border Adjustment Mechanism

WTO chief warns of 'big impact' on trade if Israel-Hamas conflict widens

"Everybody's on eggshells and hoping for the best," she said

At WTO, growing disregard for trade rules shows world is fragmenting

Those depositing cases include China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea and the United States

US, EU criticise India's rice export ban, request immediate resumption

Representatives from Japan, Australia, Brazil, the EU, the UK, and the US raised concerns over the impact of the ban on the global food market

India rules out immediate impact of WTO panel ruling on IT tariffs

As per the available Dispute Settlement procedures, India is taking the necessary steps, and is also exploring options available in light of its WTO rights and obligations, the government said

India stands firm at WTO: Our food subsidies ensure global food security

Under the trade norms, a WTO member's food subsidy bill should not breach the limit of 10 per cent of the value of production

India's merchandise trade crosses the $1-trillion mark in 2022

Outbound shipments grew 13.7 per cent year-on-year (YoY) in 2022, while imports rose by 21 per cent, commerce and industry ministry's data showed

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

WTO discusses India's call for holding virtual meet on pandemic response

The WTO's General Council has discussed India's call to convene a virtual ministerial meeting on the World Trade Organisation's response to the COVID-19 pandemic, including the patent waiver proposal. India on December 23, 2021 sent a letter to the General Council Chair to hold a virtual ministerial meeting on the response of WTO (World Trade Organisation) to the pandemic, including the proposal to waive certain provisions of the TRIPS agreement for COVID-19-related vaccines, therapeutics, and diagnostics. On January 10, the General Council Chair Ambassador Dacio Castillo (Honduras) convened a meeting to discuss the World Trade Organisation's response to the COVID-19 pandemic, WTO said in a statement. After the meeting, Castillo said he would continue to hold consultations with members on the Indian proposal, underlining "the urgency and importance of reaching a meaningful outcome." A common WTO response to COVID-19 "remains an urgent priority for the membership," he said. WTO ...

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines

WTO panel tells India to comply with trade rules on sugar

In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules by providing excessive domestic support and export subsidies for sugar and sugarcane

Reforming global trade rules is tough but doable, says WTO chief

GENEVA (Reuters) -The head of the World Trade Organization stressed the importance of reforming the global trade body to prevent further trade wars but warned it would be "very tough" amid high geopolitical tensions.