New Delhi: Economic and trade ministers of 18 countries, including India, the US, and China, at the East Asia Summit agreed that trade restrictive measures taken to address the impact of coronavirus pandemic must be transparent and temporary, according to a statement. The ministers also emphasised that trade measures in view of COVID-19 should not … Read more
Plus, RTAs mess up the duty structure. Ideally, duties should be lowest for raw materials, higher for intermediates and highest for finished goods, with a complication of figuring out which item is what. Synopsis Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the … Read more
India has banned TikTok and other Chinese apps, supposedly for security, but actually to punish Chinese military intrusion in Ladakh. For similar, though not identical, security reasons, the US is banning TikTok, WeChat and otherChinese apps. Microsoft, Google and other US rivals now want to buy TikTok and other Chinese apps. If they succeed, should … Read more
NEW DELHI: India’s latest proposal on capping fisheries subsidies at the World Trade Organisation (WTO) keeps China out of the list of developing countries which are exempt from the prohibition of subsidies to large fishing vessels. As per the proposal, a developing country is not eligible for the exemption if its GNI per capita crosses … Read more