India will push for creation of an Artificial Intelligence based portal at the G20 that will house various data on supply chains that will particularly aid MSMEs in the developing world. “An international body such as the UNCTAD could house it”, a senior government official said. The discussions are at initial stages but the attempt … Read more
India’s trade deficit as a percentage of global trade fell to 0.6% in 2022 from 0.7% in the pre-pandemic period, the United Nations Conference on Trade and Development (UNCTAD) said on Thursday. China’s share rose to 4.5% from pre-pandemic levels of 3.5%. In its Global Trade Update, the Geneva-based agency said that global trade in … Read more
Ahead of the upcoming UN COP26 climate summit, the United Nations Conference on Trade and Development (UNCTAD) on Thursday suggested a limited climate waiver of World Trade Organization (WTO) trade and environment rules combined with a ‘peace clause’ for disputes on trade-related environmental measures of developing countries. In the second part of its Trade and … Read more
India, China and South Africa have fared “relatively better” than other major economies in imports and exports in the first quarter of this year, according to the latest UN data which said that global trade recovery from the COVID-19 crisis hit a record high during in the same period. The Global Trade Update by the … Read more
The unanimous decision against India at the Permanent Court of Arbitration in Vodafone and Cairn Energy cases highlights the significance of the Fair and Equitable Treatment (FET) clause in bilateral investment treaties (BIT). In both these cases, countries guaranteed each other fair and equitable treatment, and arbitration in case of disputes. GoI, as part of … Read more
NEW DELHI: Boosted by investments in the digital sector, foreign direct investment (FDI) in India grew 13% to $57 billion in 2020, the United Nations Conference on Trade and Development (UNCTAD) said in its ‘investment trends monitor’ report even as the global inflows plummeted 42% compared to 2019. “India, another major emerging economy, also recorded … Read more