Page 2 - World Trade Organization

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

WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%

The first half of 2024 saw 2.3 per cent year-on-year increase. The rebound came against the backdrop of a slump in 2023 - of 1.1 per cent - driven by high inflation and rising interest rates

India to impose retaliatory measures against European Union's steel tariffs

The move comes after bilateral engagements with the trade bloc had failed earlier this year

Export bans to subsidies: WTO nations inquire about India's agri policies

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's industrial support programmes lack transparency, says WTO

China undergoes first WTO review since 2021

Shaping future trade

India should prepare for changing dynamics

Centre developing mechanism to validate refund claimed under RoDTEP

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

Spirit of Marrakech can help reform WTO

The WTO dispute settlement mechanism was made dysfunctional by the refusal of the US to appoint judges

Needed an Apple encore

India can do better in electronics exports

A requiem for the WTO

Despite its benefits to global prosperity, the WTO may be on its last legs, unless something changes dramatically

India-US successfully resolve all seven pending WTO disputes bilaterally

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

India-US successfully resolve all seven pending WTO disputes bilaterally

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

TEPA with EFTA - welcome but no big deal

The EFTA's market access offer covers 100 per cent of non-agricultural products and tariff concessions on processed agricultural products

Decoded: Differences remain amid some headway at WTO ministerial conference

Issues like subsidies, public stockholding for food security persist