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New Delhi told the WTO that the US tariffs were 'safeguard measures' and not notified by Washington as per the rules of the Geneva-based trade body
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According to a WTO communication, these U.S. safeguard measures would impact $7.6 billion worth of imports of relevant Indian-origin products
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India’s delegation also suggested that WTO members consider organising a thematic workshop on DPI under the Work Programme on E-Commerce.
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The Trump administration is retreating from global institutions it sees as at odds with his "America First" economic policies
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At present, there is a difference of understanding about the subject between developed and developing member countries of the World Trade Organization (WTO).
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The European Union in 2019 lodged a dispute in WTO arguing that tariffs levied on ICT goods directly breached India’s obligations under WTO rules to impose zero-duty rates on these goods.
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The country has already notified a total of 115 QCOs yet and QCOs on as many as 675 products in 14 ministries are currently under consideration. QCOs under development include norms on drones and electronic vehicles
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Speaking at the Asian Development Bank (ADB) Governor’s seminar on ’Policies to support Asia’s rebound’, Sitharaman said sooner a solution is found out by the WTO, the better it would be for the world.
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Trade remedial measures should be applied only when a competing domestic supplier is really threatened or closure looks imminent. Merely because WTO allows the use of TRMs doesn’t mean we must use them
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A slew of urgent reforms in carbon pricing, import tariffs and regulatory issues are needed to decarbonise supply chains in time to achieve the 2030 goals to halve CO2 emissions, WTO Director-General Ngozi Okonjo-Iweala said.
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When India conducted nuclear tests in 1998, Jiang Zemin had demanded that India roll back its nuclear weapons and sign the NPT and the CTBT.
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India's share in global exports is less than 2 per cent. So, huge potential is there to boost the shipments despite global headwinds and low trade growth predictions, the Secretary added.
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The World Trade Organization ministers reach historic agreements on response to fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks.
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"Economic resilience demands that we balance production and consumption more locally. That is the basis on which we are investing," Sridhar Vembu tweeted.
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The official said allowing the moratorium to lapse is important for developing nations to preserve policy space for their digital advancement, to regulate imports and generate revenue through customs duties.
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India on December 23, 2021 sent a letter to the General Council Chair to hold a virtual ministerial meeting on the response of WTO (World Trade Organisation) to the pandemic, including the proposal to waive certain provisions of the TRIPS agreement for COVID-19-related vaccines, therapeutics, and diagnostics.
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For the first time, a private person has been appointed at the Mission.
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Ways to deal with the coronavirus pandemic including sharing of technology to boost production of vaccines and improving supply chains for medical products figured prominently at a virtual meeting of the foreign ministers of the BRICS (Brazil-Russia-India-China-South Africa) countries.
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The state of Washington has since moved to repeal tax breaks that benefited Boeing, while Airbus has announced it will increase loan repayments for the A350 plane to France and Spain in bids to settle the matter.
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The Directorate General of Trade Remedies (DGTR) is the investigation arm of the ministry which deals with anti-dumping duty, safeguard duty, and countervailing duty.
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The report has argued that the experiences and lessons emerging from the COVID-19 crisis could be a further incentive for global cooperation in the area of e-commerce, which could help to facilitate cross-border movement of goods and services, narrow the digital divide, and level the playing field for small businesses.
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In a notification, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty is removed.
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According to a communication of the World Trade Organisation (WTO), India considers this measure of the US to be a safeguard measure within a provision of General Agreement on Tariffs and Trade 1994, and the Agreement on Safeguards.
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Saudi Arabia, which currently holds the G20 presidency, last week called for the "virtual summit" following criticism that the powerful group of major economies had been slow to address the global crisis.
