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World Trade Organisation

Minister Piyush Goyal in Switzerland to advance EFTA's USD 100 Billion investment in India

Minister Piyush Goyal in Switzerland to advance EFTA's USD 100 Billion investment in India

Mon, Jul 15, 2024

Minister Goyal conveyed India's steadfast commitment to the WTO, emphasising the importance of achieving meaningful outcomes and ensuring free and fair trade among member nations.

Global goods trade indicates possible turnaround in Q2 of 2023: WTO

Global goods trade indicates possible turnaround in Q2 of 2023: WTO

Wed, May 31, 2023

Global goods trade is expected to witness a turnaround in the second quarter of this year due to a recent pickup in export orders, the WTO said on Wednesday.

WTO rules against Trump govt's steel and aluminum import taxes, says it violates global trade rules

WTO rules against Trump govt's steel and aluminum import taxes, says it violates global trade rules

Sat, Dec 10, 2022

The World Trade Organisation has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules.

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India proposes 15% retaliatory duties on 22 items imported from UK against curbs on steel products

India proposes 15% retaliatory duties on 22 items imported from UK against curbs on steel products

Wed, Sep 28, 2022

India has proposed additional customs duties of 15 per cent on the import of 22 products, including whiskey, cheese and diesel engine parts, from the UK in retaliation to Britain's decision to impose restrictions on steel products.

Gone are the days, when India could be arm-twisted to accept outcomes that hurt the poor: Commerce Minister Piyush Goyal

Gone are the days, when India could be arm-twisted to accept outcomes that hurt the poor: Commerce Minister Piyush Goyal

Fri, Jun 17, 2022

India has stood strong for its Micro, Small and Medium Enterprises (MSMEs), farmers and fishermen and the voice of the poor and the vulnerable has got strengthened globally by India's stand at the WTO, Union Minister Piyush Goyal has said

Lawmakers urge USTR to push for extension of WTO's moratorium on digital trade

Lawmakers urge USTR to push for extension of WTO's moratorium on digital trade

Mon, Jun 13, 2022

A bipartisan group of U.S. lawmakers urged U.S. Trade Representative Katherine Tai to push during World Trade Organization meetings this week for an extension of a moratorium on tariffs on digital trade that has been in place since 1998

What can we expect at 12th WTO Ministerial Conference? Zee Business Executive Editor Swati Khandelwal decodes with 5 key pointers

What can we expect at 12th WTO Ministerial Conference? Zee Business Executive Editor Swati Khandelwal decodes with 5 key pointers

Sun, Jun 12, 2022

The twelfth WTO Ministerial Conference (MC12) will take place during 12-15 June 2022 in Geneva to take a call on at least six crucial issues impacting trade and livelihood.

100-day agenda:Com min proposes major export promotion scheme to boost shipments

100-day agenda:Com min proposes major export promotion scheme to boost shipments

Mon, May 27, 2019

A new export promotion scheme has become necessary as the existing merchandise exports for India (MEIS) scheme is being opposed by the US in the World Trade Organisation (WTO), stating it is not in compliance with global trade norms, the official said.

Himachali Kala Zeera, Jeeraphool among 14 products to receive GI tag so far this year

Himachali Kala Zeera, Jeeraphool among 14 products to receive GI tag so far this year

Thu, Apr 18, 2019

A geographical indication tag is used for an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory.

US proposes tariffs on $11 billion of EU products

US proposes tariffs on $11 billion of EU products

Tue, Apr 09, 2019

The WTO found that the subsidies have an "adverse impact" on the US, reports said. "This case has been in litigation for 14 years and the time has come for action."

World trade will continue to face strong headwinds in FY 2019-20: WTO

World trade will continue to face strong headwinds in FY 2019-20: WTO

Tue, Apr 02, 2019

Global trade will continue to face strong headwinds this year and in 2020 after growing slowly-than-expected in 2018, due to rising trade tensions and increased economic uncertainty: WTO

Commerce ministry to notify WTO regarding revoking MFN status to Pakistan

Commerce ministry to notify WTO regarding revoking MFN status to Pakistan

Fri, Feb 15, 2019

After the Pulwama terror attack on Thursday, India on Friday withdrew the MFN status to Pakistan. Following this, India can raise customs duties on goods being imported from Pakistan up to the bound level duty rates. Currently, India's custom duties on goods to members of the WTO are below the bound level rates.

WTO sets up dispute panel on India-US case on export subsidies

WTO sets up dispute panel on India-US case on export subsidies

Sun, Oct 28, 2018

The World Trade Organisation's dispute settlement body has set up a panel to examine the US complaint against certain export-subsidy measures by India as both the sides failed to resolve the issue at consultation level, an official said.

Trade war: India operating below potential; here is why

Trade war: India operating below potential; here is why

Thu, Oct 04, 2018

At a time when India is at a take-off stage to sustain a high 8% economic growth for a decade or two, the era of trade as an engine of growth as prescribed by the World Trade Organisation (WTO) seems to be at crossroads. This implicit warning came from the United Nations Conference on Trade and Development (Unctad).

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

Sun, Sep 30, 2018

On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.

Row over subsidies not the beginning of trade war with the US: India

Row over subsidies not the beginning of trade war with the US: India

Thu, Mar 15, 2018

The United States on Wednesday launched a challenge to Indian export subsidies at the World Trade Organization, saying they hurt U.S. companies by letting Indian exporters sell goods more cheaply.

Canada's WTO complaint against US could scuttle NAFTA: Expert

Canada's WTO complaint against US could scuttle NAFTA: Expert

Fri, Jan 12, 2018

The WTO revealed on Wednesday that Canada had filed a complaint last month accusing the US of unfairly imposing countervailing and anti-dumping duties, not only on Canadian softwood lumber but also on goods from many other countries.

India 'deeply disappointed' over developments on food security

India 'deeply disappointed' over developments on food security

Wed, Dec 13, 2017

India today expressed "deep disappointment" over the decision of a "major member country" to renege on its commitment for a permanent solution to the public food stockholding issue at the ongoing ministerial conference of the World Trade Organisation (WTO).

India takes US to WTO for failing to drop steel duties

India takes US to WTO for failing to drop steel duties

Fri, Jun 09, 2017

India said the United States had failed to meet an April, 2016 deadline to comply with a WTO ruling that faulted it for imposing countervailing duties on steel products from India.

U.S. Commerce's Ross says 3% GDP growth not achievable this year

U.S. Commerce's Ross says 3% GDP growth not achievable this year

Wed, May 10, 2017

Ross also said trade enforcement actions would be a major tool to cut U.S. trade deficits, adding that he has problems with World Trade Organization rules which allow widely divergent tariffs and are slow to punish violators.

'No turning back' - PM May triggers 'historic' Brexit

'No turning back' - PM May triggers 'historic' Brexit

Thu, Mar 30, 2017

"The United Kingdom is leaving the European Union," May told parliament nine months after Britain shocked investors and world leaders by unexpectedly voting to quit the bloc. "This is an historic moment from which there can be no turning back."

Despite demonetisation, India to grow faster than China

Despite demonetisation, India to grow faster than China

Sat, Jan 07, 2017

"Even if the demonetisation created a slowdown, it is not going to change the long-term momentum of where India is going with its economic growth," said Dean Kishore Mahbubani of the Lee Kuan Yew School of Public Policy at the National University of Singapore.

China watching Trump policies, will defend trade rights

China watching Trump policies, will defend trade rights

Thu, Nov 24, 2016

China will pay close attention to trade policies implemented by US President-elect Donald Trump, and will defend its rights in the World Trade Organisation (WTO), a senior Chinese official said on Wednesday.

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