Despite hectic discussions, WTO MC13 ends with no deals on fisheries, agriculture

Despite hectic discussions, WTO MC13 ends with no deals on fisheries, agriculture

Delegates attend the 13th WTO ministerial conference in Abu Dhabi, United Arab Emirates. File | Photo Credit: Reuters The talks at the WTO’s ministerial conference ended with no decision on key issues such as finding a permanent solution to public food stockpile and on curbing fisheries subsidies that lead to over-capacity and over-fishing, sources said. … Read more

The Hindu Morning Digest: February 29, 2024

The Hindu Morning Digest: February 29, 2024

India is a consensus builder in the World Trade Organisation (WTO) by playing a key role in the process, but some countries are breaking that, Commerce and Industry Minister Piyush Goyal said. File | Photo Credit: ANI India is consensus builder at WTO, but certain nations are breaking that on certain issues, says Goyal India … Read more

Over 70 WTO nations agree to take additional obligations in services sector; India to benefit

Over 70 WTO nations agree to take additional obligations in services sector; India to benefit

India would benefit from a move of over 70 nations like the UK, UAE and Australia that have agreed to take on additional obligations in the services sector under an agreement of the WTO, an official said on Tuesday. These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on … Read more

WTO MC13 | What’s on the agenda for India?

WTO MC13 | What’s on the agenda for India?

India will strongly oppose a China-led proposal for an investment facilitation pact besides pressing for finding a permanent solution to public stock holding of grains for food security and protection of the interests of fishermen at the upcoming WTO ministerial meeting. The Indian delegation is led by Commerce and Industry Minister Piyush Goyal. The four-day … Read more

India, US decide to end six trade disputes at WTO; Delhi to lift retaliatory tariffs

India, US decide to end six trade disputes at WTO; Delhi to lift retaliatory tariffs

India and the United States have agreed to end six trade disputes at the World Trade Organisation and New Delhi will also lift retaliatory customs duties on 28 American products. This is likely to shore up trade between the nations and also help Indian exporters get key tax advantages. The decisions come amid Indian Prime … Read more

India Firm on data & patent red lines in trade pacts with UK, EU

India Firm on data & patent red lines in trade pacts with UK, EU

India has communicated its unwillingness to dilute its stance on data, intellectual property and government procurement to the European Union and the United Kingdom as part of ongoing trade agreement talks with them, officials said. India is firm on its red lines on cross-border data flows as there is no ecommerce policy at present, while … Read more

India plans to challenge EU carbon tax at WTO: Sources

India plans to challenge EU carbon tax at WTO: Sources

Indian plans to file a complaint to the World Trade Organisation over the European Union‘s proposal to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement from India, top government and industry sources said. This is part of New Delhi’s strategy to combat the EU’s Carbon Border Adjustment … Read more

India plans to challenge EU carbon tax at WTO: Sources

India plans to challenge EU carbon tax at WTO: Sources

NEW DELHI: Indian plans to file a complaint to the World Trade Organisation over the European Union‘s proposal to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement from India, top government and industry sources said. This is part of New Delhi’s strategy to combat the EU’s Carbon … Read more

India faces heat at WTO over wheat export ban

India faces heat at WTO over wheat export ban

India’s wheat export ban and usage of the peace clause to protect its food programmes against action from trade disputes have come under fire at the World Trade Organisation (WTO). The US, Japan, Canada and Thailand have questioned both these measures and, along with Uruguay, requested consultations with India on the usage of the peace … Read more

India rejects text on fisheries subsidy negotiations at WTO meet

India rejects text on fisheries subsidy negotiations at WTO meet

Rejecting the current text on fisheries subsidy negotiations, India on Tuesday said WTO members engaged in distant water fishing should stop providing any kind of subsides for 25 years as they provide significantly higher support measures and are indiscriminately exploiting the fisheries resources. For every fisher family, India gives barely USD 15 subsidy in a … Read more