In pursuit of America First, US President Donald Trump is dismantling globalisation which has come to define the world in the post-Cold War era, or at least dislodging America from the pivotal role it has played in globalisation. Under American leadership, the world had got itself global institutions for trade, governance, security and social action. … Read more
The commerce ministry’s investigation arm DGTR has recommended imposition of an anti-dumping duty of up to USD 339 per tonne on imports of PVC resins from seven countries, including China, the US and Korea, with a view to guard domestic producers. In its preliminary findings, the Directorate General of Trade Remedies (DGTR) has concluded that … Read more
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they … Read more
New Delhi: India has, for the fifth time, invoked the peace clause for exceeding the 10% ceiling on support it offered its rice farmers. The country informed the World Trade Organization (WTO) that the value of its rice production in 2022-23 was $52.8 billion while it gave subsidies worth $6.39 billion, which comes out to … Read more
Image used for representative purpose only. | Photo Credit: Thulasi Kakkat The Commerce Ministry has started an exercise to help Indian exporters keep proper documentation to deal with U.S. countervailing duty cases on domestic products, an official said. As part of the exercise, teams of the Directorate General of Foreign Trade (DGTR) and Directorate General … Read more
One of the unexpected announcements at the G20 summit held in New Delhi earlier this month was a trade corridor designed and proposed by select member nations. The India-Middle East-Europe Economic Corridor (IMEC) was launched with the promise of galvanising connectivity and trade through India, the Arabian Gulf and Europe, with an underlying goal of … Read more
US Trade Representative (USTR) Katherine Tai said the India-US relationship is on an upward trajectory and the two sides should map out their economies to develop supply chains in complementary ways. In an interview with ET’s Kirtika Suneja and Deepshikha Sikarwar, Tai, who was on a visit to India to attend the G20 trade ministers … Read more
The European Union has proposed an investment court system to India to resolve investor-state disputes, a substantive change from its earlier proposal, as the two sides thrash out the modalities of the proposed bilateral investment protection pact. EU commissioner for trade Valdis Dombrovskis also indicated the two sides may resolve their outstanding dispute. The two … Read more
New Delhi: After making a licence mandatory for imports of personal computers and laptops, the government is looking at other products on which such curbs could be imposed such as cameras, printers, hard disks, parts of telephonic and telegraphic devices, said people aware of the matter. The local demand for these products is substantial and … Read more
The World Trade Organization (WTO) on Tuesday said that two separate dispute settlement panels have stated that India and the US have mutually resolved disputes with regard to certain measures on steel and aluminium products, and additional duties on certain products from the US. On July 13, the two countries notified that they had reached … Read more