In June, the US imposed a duty of 25 per cent on steel imports and a 10 per cent on aluminium imports from Mexico, Canada and the EU, among other regions
India is failing to make a case for its protectionist turn
The United States and China, which are locked in an escalating tariff war that is threatening the WTO's foundations, were not invited to the meeting to discuss reform ideas
WTO said that escalating trade tensions and tighter credit market conditions in important markets will slow trade growth for the rest of this year and in 2019
India had imposed safeguard duty of up to 25% on solar cells imports from China and Malaysia for two years to protect domestic players from a steep rise in inbound shipments
The minister made a case for working together for enhancing confidence in international trade through dialogue and collaborations
Trade in commercial services fully recovered in 2017, with 8% growth in 2017
India's export promotion schemes need a rethink
Instead of insisting on both goods and services trade liberalisation to be taken up simultaneously, India should adopt a more pragmatic approach
Donald Trump has warned he may ultimately impose tariffs on more than $500 billion worth of Chinese goods
Last month, the US dragged India to the WTO's dispute settlement mechanism over export subsidies, saying that these incentives were harming the American companies
About 40 WTO member countries are expected to participate in the meeting
Even after hectic parleys, the member nations failed to break an impasse over the public food stockholding issue on the fourth and final day of the ministerial conference.
India still has a stake in rules-based dispute resolution
With its eye on the December ministerial of the World Trade Organization (WTO), India is expected to push its proposal on trade facilitation agreement on services (TFS) at an upcoming WTO meet in October.The WTOs biennial ministerial meet, to be held in December in Argentina, will see nations discussing trade and investment issues.However, negotiations have heated up over the agenda of discussion in December as richer nations led by the United States and the European Union have supported the introduction of a proposed set of global rules for e-commerce. On the other hand, another motley group of nations led by China is paralelly pushing for a trade facilitation agreement on services. As a result, the WTO has broken conventional practices to call a mini ministerial in October to hammer out the exact agenda of the December meet, a senior Commerce and Industry ministry official said.At this earlier meet in Marrakesh, Morocco, the TFS will be pushed by India, he added. Based on the ...
Response from other countries could lead to a 'domino effect', he added
Held once every two years, the WTO Ministerial meet will be in Argentina
Alleged breaches of the trade rules affect trade in goods and services from Russia
On investment facilitation, e-commerce, India wants everybody on board, says Nirmala Sitharaman
Bilateral matters cannot be decided on multi-lateral forums, maintains India