Is India recalibrating its approach towards FTA negotiations?

India has recently reaffirmed its commitment to trade multilateralism with the World Trade Organisation (WTO) at its centre. Parallelly, India has renewed its Preferential Trade Agreement (PTA) negotiations with many countries with vigour. While it has maintained certain long-held positions at the WTO, there are early signs that India may be recalibrating its approach towards … Read more

United States Trade Representative Katherine Tai to visit India on November 22

United States Trade Representative (USTR) Katherine Tai will travel to India next month to discuss the US’ commitment to the Indo-Pacific region with government officials and stakeholders. This will be Tai’s first official visit to India. Tai will begin her Asia trip from Tokyo on November 15 and reach New Delhi on November 22 from … Read more

Will hear India’s concerns: WTO DG Ngozi Okonjo-Iweala

World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala on Friday said India‘s concerns towards protecting its food security and getting a fair deal at the ongoing negotiations on elimination of fisheries subsidies deserved to be heard and will be heard. She said she’s hopeful of a good outcome at the upcoming ministerial conference. Winding up … Read more

India hopeful of early outcome on TRIPS waiver proposal at WTO

India is hopeful of an early outcome at the World Trade Organization (WTO) on its proposal seeking patent waivers on Covid-related medical products including vaccines, officials said. New Delhi took up the issue with the WTO director general Ngozi Okonjo-Iweala who is on a three-day visit to India ahead of the 12th Ministerial Conference (MC12) … Read more

Covid passport, vaccine discrimination new trade barriers: India to WTO

India has raised concerns over new trade barriers such as vaccine discrimination and Covid passports being imposed by some developed countries, saying they were impacting movement of persons and services exports. New Delhi, which has been pushing for relaxation in intellectual property rights to facilitate access to Covid medicines, took these issues up at a … Read more

WTO’s farm rules favour developed nations, cohesive G33 to aim for fair outcomes: Piyush Goyal

Commerce and industry minister Piyush Goyal has said that the rules of the World Trade Organization (WTO) on agriculture are riddled with deep imbalances which favour the developed countries and have tilted the rules against many developing countries. At the virtual informal meeting of the G33 on Thursday, he also asked the members to work … Read more

India keen to collaborate with East Asian nations to produce generic drugs, vax: Anupriya Patel

India is willing to collaborate with East Asian partners in the production of generic drugs and medical technologies used for treatment of Covid-19 patients, as also in the area of vaccines production,minister of state for commerce and industryAnupriya Patel said on Wednesday. She also said that the abundance of trade agreements in Indo-Pacific has led … Read more

Hectic parleys to begin from September 1 in WTO to conclude negotiations on fisheries subsidies pact

Hectic parleys will begin from September 1 among members of the World Trade Organization (WTO) in Geneva to iron out differences on a proposed agreement on fisheries subsidies, an official said. The aim is to conclude the negotiations soon so that the member countries can finalise the text on the pact before the 12th ministerial … Read more

Failing to ensure wider access to COVID vaccines could undermine global eco recovery: WTO report

Failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery, a report of the World Trade Organization (WTO) warned on Thursday. The Director-General’s mid-year report on trade-related developments presented to members on Thursday calls on WTO member countries to ensure that markets remain open and predictable. WTO Director-General Ngozi … Read more

Head of WTO says she hopes there will be no UK-EU trade war

The head of the World Trade Organization said on Saturday she hoped that post-Brexit tensions between Britain and the European Union would not escalate into a trade war. “I would really, really hope that a UK-EU trade war will not take place,” WTO Director-General Ngozi Okonjo-Iweala said in response to a question when speaking to … Read more