The package of measures, which the WTO is negotiating here, must include the patent waiver proposal of India and South Africa as it would help in dealing with multiple issues Goyal said on Monday.
India will make a pitch for finding a permanent solution to the issue of public stockholding for food security in the WTO meet in Geneva starting June 12, an official said. Besides, issues including agri subsidies and World Food Programme will be on the agenda of the 12th ministerial conference, the highest decision making body of the 164-member World Trade Organization (WTO), the official said. For the meeting, the Indian team will be led by Commerce and Industry Minister Piyush Goyal. "Finding permanent solution to public stockholding will be our key demand," the official added. Under global trade norms, a WTO member country's food subsidy bill should not breach the limit of 10 per cent of the value of production based on the reference price of 1986-88. As part of permanent solution, India has asked for things like amendments in the formula to calculate the food subsidy cap and inclusion of programmes implemented after 2013 under the ambit of 'Peace Clause'. As an interim measu
The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva
As cumulative experience should teach us, fuzzy approaches have costs, so the homework has to be done before signing of contracts, not after, writes T N Ninan
Many service providers complained that the processes for applying and obtaining the licenses are not clear in many countries
India believes that the draft text on agriculture is "completely imbalanced"
India and South Africa had submitted a joint proposal for waiving some sections of the TRIPS agreement
On the table for a two-day meeting of a WTO panel is a revised proposal by India and South Africa for a temporary IP waiver on Covid vaccines
India on Friday expressed hope for an early decision in the WTO on a proposal of India and South Africa for a temporary waiver of certain intellectual property rights provisions in the TRIPS agreement
India said temporary waiver of certain provisions of intellectual property rights under a WTO agreement would be an important step to enable scaling up of Covid-19 vaccines manufacturing
Exports had recovered 5 per cent in September after months of contraction.
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
Subsidies over and above the prescribed ceiling are seen as trade distorting. The limit is fixed at 10 per cent of the value of food production for developing countries like India.
The US has stalled appointments of members in the appellate body of WTO's dispute settlement system.
India has contested that it should be given an eight-year phase-out period as was available to other developing countries
"We recommend that the United States bring its measures into conformity with its obligations," the ruling said
If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan
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
Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners
"This is a resounding victory for the United States," Robert Lighthizer said in a statement.