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
Noted economist and India’s first vice chairman of NITI Aayog Arvind Panagariya said import licences will be a complete violation of WTO and has cautioned India to reverse the trend of rising import tariffs as it will only encourage creation of micro and small enterprises. Panagariya’s comments come at a time when India has introduced … Read more
NEW DELHI: Imports of furniture, toys and sports goods are likely to require licences soon, a measure the government hopes will reduce imports and encourage domestic production, said people with knowledge of the matter. India has already imposed licensing requirements for tyres and colour TV imports, a big percentage of which comes from China. The … Read more
NEW DELHI: The government’s decision to continue the imposition of safeguard duties for a third consecutive year on imports from China has been met with confusion from the industry, while experts have said that it might not have much of an effect in the short-term. “The solar industry has been recommending to the government to … Read more
New Delhi: The World Trade Organisation (WTO) on Wednesday set up two more dispute settlement panels at the request of Japan and Taiwan targeting the import duties imposed by India on Information and Communication Technology (ICT) products including mobile phones, taking the total number of panels on the issue to three. However, New Delhi said … Read more
By shifting its focus on cultivation and effectively handholding farmers, the country can be among the top-five exporters of agro commodities, according to a report by the World Trade Centre. The report comes at a time when the government has announced some reforms in the farm sector by allowing farmers to sell produce outside the … 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: 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
NEW DELHI: The spread of Covid that touches all continents will have serious implications for international trade and effective measures are imperative to sustain trade multilateralism. “While economic, social and political life across the world got disrupted as a result of Covid-19 and is expected to unfold further in the coming weeks, months and may … Read more
NEW DELHI: India’s latest proposal on capping fisheries subsidies at the World Trade Organisation (WTO) keeps China out of the list of developing countries which are exempt from the prohibition of subsidies to large fishing vessels. As per the proposal, a developing country is not eligible for the exemption if its GNI per capita crosses … Read more