In April, the European Parliament adopted a unique law under which exporters of select products have to certify that their items sold in the European Union (EU) had not led to deforestation and forest degradation. Under the EU Deforestation Regulation, a slew of products, from coffee to wooden furniture, must not have come from fields … Read more
India has appealed against a ruling of the World Trade Organization‘s (WTO) trade dispute settlement panel which stated that the country’s import duties on certain information and technology products are inconsistent with the global trade norms. “India appeals, and requests the Appellate Body to reverse, modify, or declare moot and of no legal effect, the … Read more
The Indian industry remains upbeat about exports in FY24 even as it stares at slowdown in demand for textiles, jewellery, engineering goods and chemicals from the US and the EU. Exporters expect a growth of 11-13% in FY24. Cotton textile and apparel exporters expect 8-10% on-year growth in FY24. India clocked $450 billion exports in … Read more
The government’s all-out push to turn India into a manufacturing powerhouse started sounding credible after the world began turning away from China for geopolitical reasons and looking at options to shift supply chains. Just when it seemed it’s India’s moment to replace China as the world’s factory, a major debate has erupted whether India would … Read more
New Delhi: The US, Canada and the UK have posed questions, at the World Trade Organization (WTO), about India‘s Shipbuilding Financial Assistance Policy, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors, and the North East Industrial and Investment Promotion Policy (NEIIPP). While the US has sought details on the types of financial assistance … Read more
World Trade Organization‘s ruling against India’s import duty imposition on mobile phones and telecommunications equipment has the potential to more than halve the local manufacturing by top Chinese players that are not part of the government’s production-linked incentive scheme, industry experts said. A WTO panel recently ruled that India had violated global trade rules after … Read more
India has violated global trading rules in a dispute with the European Union, Japan and Taiwan over import duties on IT products, a World Trade Organization panel said on Monday. “We recommend that India bring such measures into conformity with its obligations,” the WTO panel‘s report said. The WTO had set up dispute settlement panels … Read more
BRUSSELS: The European Union must be prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes, European Commission President Ursula von der Leyen warned on Thursday. Speaking before a trip to China planned for next week, von der Leyen said that it’s important to stop … Read more
India has launched an anti-dumping probe into import of a certain kind of vitamin, used for animal consumption, from three countries on a complaint by a domestic player. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is investigating the alleged dumping of ‘Vitamin A Palmitate’ originating in or exported from China, European … Read more
India’s decision to ban exports of broken rice and impose export duties of up to 20% on other rice varieties has come under fire at the World Trade Organization (WTO). At a meeting on Thursday, the United States, the European Union and Senegal posed questions about the decision’s adverse effect on global markets. They said … Read more