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
India’s wheat export ban and usage of the peace clause to protect its food programmes against action from trade disputes have come under fire at the World Trade Organisation (WTO). The US, Japan, Canada and Thailand have questioned both these measures and, along with Uruguay, requested consultations with India on the usage of the peace … Read more
Rejecting the current text on fisheries subsidy negotiations, India on Tuesday said WTO members engaged in distant water fishing should stop providing any kind of subsides for 25 years as they provide significantly higher support measures and are indiscriminately exploiting the fisheries resources. For every fisher family, India gives barely USD 15 subsidy in a … Read more
New Delhi: India has objected to a process followed by the chair of the fisheries subsidies negotiations at the World Trade Organization (WTO) wherein information on ways to achieve a possible outcome was collected through a questionnaire from ambassadors of 50 countries in their personal capacities. Terming the process “grossly erroneous” that “lacks credibility”, New … Read more
Russia’s war in Ukraine could almost halve world trade growth this year and drag down global GDP growth too, the World Trade Organization projected Monday. The WTO said that the Russian invasion had not only created a humanitarian crisis of “immense proportions” but had also dealt a “severe blow” to the global economy. The Geneva-based … Read more
India has for the third time invoked the peace clause for exceeding the 10% ceiling on support it offered its rice farmers. The country informed the WTO that the value of its rice production in 2020-21 was $45.56 billion while it gave subsidies worth $6.9 billion, which comes out to 15.14% as against the permitted … Read more
India’s decision to curb inbound shipments of certain types of tyres and ban the import of air-conditioners with refrigerants has once again come under fire at the World Trade Organization (WTO), with various countries calling these measures restrictive and discriminatory. Almost two years after India imposed these measures, the EU said that only a limited … Read more
India on Friday informed the World Trade Organisation that it has used the peace clause of the WTO to provide excess support measures to rice farmers for marketing year 2020-21 in order to meet the domestic food security needs of its poor population. Under the peace clause, WTO (World Trade Organisation) member countries are refrained … Read more
World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said that India’s policy on foreign direct investment is ambiguous and can be strengthened. At the CII Partnership Summit, she said that companies trying to invest in India face lengthy approval processes. “There are still some policies to strengthen. The policy on FDI remains ambiguous and can … Read more
India will file an appeal at the World Trade Organization (WTO) against a panel report issued by on Tuesday that has ruled in favour of Brazil, Australia and Guatemala in their dispute settlement complaints targeting India’s domestic support for sugarcane producers and export subsidies for sugar. India said that the ruling will not have any … Read more