May 07, 2021 03:01 PM IST
The US has backed India's proposal to temporarily suspend key clauses of a global intellectual property rights rule to boost vaccine availability. But having introduced it seven months ago, and systematically securing the support from 120 middle- and lower-income nations, New Delhi is now content to let Washington convince the European Union, United Kingdom, Japan, and China.
- May 06, 2021 05:25 PM IST
In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO members on the implementation, application and enforcement of certain provisions of the TRIPS agreement in relation to the prevention, containment or treatment of COVID-19.
- May 06, 2021 01:07 PM IST
While it has come more than seven months after India and other nations floated a proposal at the WTO wanting to ensure global vaccine availability, the US support is a major step towards arriving at a global consensus on the hard fought issue. Crucially, will vaccine majors relent and give up and their intellectual property rights to ensure everyone gets a jab sooner than later?
- May 05, 2021 10:34 PM IST
The proposal for temporary waiver from certain provisions of TRIPS agreement is first on priority list, he has said during the formal TNC (trade negotiations committee) and informal HODs (head of delegations) meetings on May 3.
- Apr 14, 2021 08:33 PM IST
India and South Africa had requested members of the World Trade Organization back in October, 2020 to suspend certain parts of a global pact on IPR, so that vaccine and testing technology for Covid-19 can be easily shared. Developed nations led by the United States had consistently blocked the proposal. But changing public opinion, global pressure and a key ally may now help India in securing US support.
- Mar 15, 2021 12:50 PM IST
India’s rationale behind the new rules is to restrict the misuse of FTA by fraudulent traders.
- Mar 02, 2021 09:23 AM IST
The World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) requires countries to provide lengthy monopoly protections for medicines, tests, and technologies used to produce them.
- Jan 07, 2021 02:45 PM IST
China’s statement came during WTO review of India’s trade policy after the United States and European Union (EU) flagged issues like increase in import duties
- Dec 10, 2020 10:11 AM IST
Industry should not be kept waiting as there is less than a month to go before the new export sop kicks in
- Nov 24, 2020 06:15 PM IST
A number of countries expressed their concerns about the uncertainty over an EU-UK trade deal at the recent market access committee meeting at the WTO. The Brexit transition deadline is December 31.
- Oct 29, 2020 05:56 PM IST
Fifteen developing country members have already achieved 100 percent implementation of the TFA. Developed countries were required to ensure full implementation when the TFA entered into force.
- Oct 25, 2020 12:30 PM IST
It has stated that smaller countries, with less population, have more staff in the secretariat than India, which is the world''s second most populous country, and its professionals have made a mark across the world with their skills and talent.
- Oct 23, 2020 01:49 PM IST
India has also conveyed the Work Programme on E-commerce (1998) needs to be reviewed regularly and it should be a standing committee agenda item at the meetings.
- Oct 23, 2020 11:04 AM IST
This comes after Brazil, Columbia, Japan and the United States argued for speed because “trade is a critical channel for getting essential products to those in need"
- Oct 13, 2020 09:07 PM IST
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.
- Oct 09, 2020 01:58 PM IST
The US was also pulled up by India, along with countries like EU, New Zealand and others, who questioned the US on subsidies that it provides to its farmers. These countries pointed out that the total quantum of support provided by US breaches the WTO ceiling for US on agricultural products
- Sep 17, 2020 08:20 AM IST
The multilateral body should be rejuvenated at a time when protectionist stance of pandemic-hit nations threatens to reset global trade rules
- Aug 19, 2020 02:55 PM IST
"Additional indicators point to partial upticks in world trade and output in the third quarter, but the strength of any such recovery remains highly uncertain: an L-shaped, rather than V-shaped, trajectory cannot be ruled out," the WTO said on its website.
- Aug 17, 2020 03:04 PM IST
The serving WTO chief Roberto Azevedo announced he would demit office on August 31. Eight candidates from a number of nations are vying for the position of director general
- Jul 30, 2020 03:43 PM IST
This the third such panel after the organisation accepted request from the European Union on the same issue
- Jul 30, 2020 03:09 PM IST
Senator Chuck Grassley, Chairman of the powerful Senate Finance Committee, made the comments during a Congressional hearing on WTO on Wednesday.
- Jul 29, 2020 07:45 PM IST
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 regulated APMC markets, and relaxing the Essential Commodities Act, among others, which can help boost exports.
- Jul 20, 2020 11:46 AM IST
This is the second instance India is facing a dispute on the issue after the European Union made a similar request to the WTO in June 2020
- Jun 29, 2020 11:15 PM IST
Tariff increases, import bans, stricter customs procedures, export duties and other such measures introduced during the review period affected 2.8 per cent of G20 trade, it said.
- Jun 26, 2020 07:51 PM IST
Why the ongoing India-China border dispute should remain at the border and not lead to a trade war. Here is all you need to know: