In a significant outcome for the Prime Minister Narendra Modi-led government, ministers from 164 members of the World Trade Organisation have adopted various decisions including food security, e-commerce, TRIPS agreement, fisheries and preparedness for future pandemics. The 12th World Trade Organisation (WTO) Ministerial Conference has concluded with an outcome on Friday. Ministers […]
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WTO negotiations moving in positive direction: Sources
The meeting with World Trade Organisation went in a positive direction on the last day of the conference, and the Indian delegation led by Union Commerce and Industry Minister Piyush Goyal held a series of negotiations till early morning today, according to sources. Union Minister for Commerce and Industry Piyush Goyal led the Indian […]
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12th WTO Ministerial Conference extended by one more day
The World Trade Organization (WTO) has announced the extension of its ongoing four-day ministerial by a day, till June 16. The WTO 12th Ministerial Conference (MC12) that began on June 12 was scheduled to end on June 15. This decision was to extend the high-level meeting till June 16, 3 pm was taken […]
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India to seek fairer deal in fisheries at WTO’s Ministerial Conference: Sources
India, sources said, will seek certain “carve-outs” to ensure special and differential treatment for developing countries that are not quite engaged in distant water fishing in the World Trade Organization’s (WTO) 12th Ministerial Conference to be held between June 12-15 at Geneva, sources said on Wednesday. India also wants a 25-year exemption for […]
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PM Modi says India ready to supply food stock to world if WTO agrees
Stating that he has discussed the issue of the global food shortage with US President Joe Biden, Prime Minister Narendra Modi on Tuesday said that India is ready to supply food stock to the world. PM Modi said that India can supply food stock if the World Trade Organisation (WTO) […]
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Rising food prices may prompt unrest in poor countries: WTO Director-General
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said that food price growth that’s happening as a result of the situation in Ukraine may prompt unrest among undernourished people in poverty-stricken countries. “I think we should be very worried. The impact on food prices and hunger this year and next could be substantial. Food […]
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WTO to conduct 8th trade policy review of China
The World Trade Organization (WTO) will start the eighth trade policy review of China on Wednesday, the Ministry of Commerce said Tuesday. The review would last three days until Friday and will be attended by Minister of Commerce Wang Wentao and Vice Minister of Commerce Wang Shouwen in Beijing via video link, and China’s Ambassador to the WTO Li Chenggang in Geneva, […]
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WTO panel rejects China’s solar safeguard challenge: US
A WTO dispute settlement panel has rejected China’s challenges to the US safeguard tariffs on solar products, Office of the US Trade Representative (USTR) said on Thursday (local time). A USTR statement said that this is the first successful defense of the US – Safeguard Measure on Imports of Crystalline Silicon Photovoltaic Products. “I welcome the WTO panel’s findings rejecting China’s challenges to […]
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Japan files complaint against China in WTO over anti-dumping duties
Japan has filed a complaint with the World Trade Organization (WTO) over China’s anti-dumping duties on their stainless steel products, saying that the tariffs of up to 29 percent violate international trade rules. On Friday, Japan requested consultations with China under the WTO Agreement regarding China’s measure imposing anti-dumping duties on stainless steel products, which has been in place since July 2019. […]
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China says India’s latest app ban order violates WTO rules
China on Wednesday opposed India’s decision to ban 43 more Chinese-origin mobile phone applications on security grounds and contended that the move violated the rules of the World trade Organization (WTO). On Tuesday, India imposed a fresh ban on Chinese-origin apps, the fourth time it has done so since the […]
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WTO panel upholds US complaint, recommends India withdraw export subsidies
A World Trade Organization Panel has recommended that India withdraw the “prohibited subsidies” on exports within 90-180 days. The dispute panel was hearing the US complaint about India’s alleged export subsidy measures, and found the export promotion schemes in violation of WTO rules. These schemes include the Merchandise Exports from […]