New Delhi: The United States and the European Union have opposed India’s proposal to exempt certain developing countries from reduced fisheries subsidies. The US and EU have argued that the proposal before the World Trade Organisation (WTO) – which seeks to exempt countries with national incomes below a specific threshold level — will allow most … Read more
NEW DELHI: India has initiated an anti-dumping probe against two products imported from China, following complaints by domestic companies. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing alleged dumping of ‘Hydrofluorocarbon (HFC) Blends’, used in commercial and residential air conditioning; and ‘Decor paper‘ from China. SRF Ltd has filed an … Read more
GENEVA: The World Trade Organization said Tuesday that Trump administration tariffs on Chinese goods totaling more than $200 billion are illegal under the rules of the global trade body. The decision marks the first time the Geneva-based trade body has ruled against a series of tariffs that President Donald Trump‘s administration has imposed on a … Read more
New Delhi: India extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020. The duty was extended after considering the recommendations of the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), that had requested for extension of the existing anti-dumping duty on the chemical imported from China and … Read more
New Delhi: Merchandise Export from India Scheme (MEIS), a key incentive scheme for exports, will be wound up by December 31, 2020 as the government has found it to have failed to deliver and not yield the desired result of boosting exports which have hovered around $300 billion in the last five years despite its … Read more
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday called for all nations to enhance transparency in their trade and build trust, and stressed on removing multiple hurdles in access to medicines at affordable prices. The BRICS grouping includes Brazil, Russia, India, China and South Africa. At the tenth BRICS Trade Ministers virtual meeting, … Read more
NEW DELHI: India has proposed imposing customs duties on computer-aided design, or CAD, files, which are necessary for 3D printing, while pitching its case for countries to be able to tax electronic transmissions. Electronic transmissions are at present immune from taxation in the World Trade Organization (WTO) under a moratorium. If the moratorium continues, India … Read more
New Delhi: The World Trade Organization (WTO) is likely to agree to a second request from Japan and Taiwan later this month to establish an adjudication panel over India’s customs duties on imports of certain information and communications technology (ICT) products, including mobile phones, taking the dispute up a notch. The Geneva-based organisation had setup … Read more