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
Australia’s complaint to the World Trade Organisation over China‘s anti-dumping duties on wine exports should enable bilateral negotiations, Foreign Minister Marise Payne said on Sunday. The government filed a complaint on Saturday over duties that were applied last year and nearly wiped out exports of Australian wine to the Chinese market. “What lodging the dispute … Read more
The agreement of the World Trade Organisation (WTO) member countries to move forward on the text-based negotiations of the proposal by India and South Africa for a temporary waiver from some provisions of Trade-Related Aspects of Intellectual Property Rights (Trips) indicated their in-principle acceptance of the objectives of the proposal, said union commerce secretary Anup … Read more
India has suggested to the WTO members to begin text-based negotiations from mid-June on the temporary TRIPs waiver proposal to deal with the COVID-19 pandemic, as there is no time to lose and countries should look at concluding the talks by July-end. The country would also like to enter into line-by-line negotiations on the text … Read more
As we prepare to enter post-Covid-19 era, an important question concerns the future of the global trading system, which has been under stress since well before the onset of the dreadful pandemic. Though global merchandise trade took a significant hit in the first half of 2020 and fell as much as 15% in the second … Read more
The 46-member grouping of the Least Developed Countries has said it supports a request made by India and South Africa to the WTO to temporarily suspend intellectual property rights for the COVID-19 vaccines to increase their access in these countries. India, which has been at the forefront of the global fight against COVID-19, told the … Read more
A higher fiscal deficit on account of blasé accounting reforms may suggest that the Centre has pumped in an enormous stimulus even as naya paisa laid out is actually minimal. Synopsis Budget 2021 could have done more for boosting public investment in agriculture and increasing government spending beyond what is incurred on repaying FCI’s debts. … Read more
New Delhi: India’s move to continue with a ban imposed last year on 59 Chinese apps is in violation of the principles of the World Trade Organisation and norms of market economy, a Chinese embassy spokesperson said on Wednesday. India banned 59 Chinese apps last June. In September, 118 more Chinese apps were blocked. “These … Read more
Corporate India has lobbied Finance Minister Nirmala Sitharaman for competitive tariffs when she announces the Union budget on February 1. That marks a welcome change from India Inc’s usual clamour to shield domestic producers. It seems to have realised that the best way to become part of trade networks is to move away from a … Read more
Free trade agreements are good for the nation and India must look to leverage these pacts with countries having transparent trading mechanisms and business systems, Commerce and Industry Minister Piyush Goyal said on Saturday. He said India should focus its energy on FTAs initially with developed countries that are looking for market access in the … Read more