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