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Tag: World Trade Organisation

17 Results

  • Trump’s trade terms

    Trump’s trade terms

    The current foreign trade crisis has a faint silver lining. With China hamstrung because of the coronavirus scare, the present disruption can be an opportunity to expand our foreign trade, but only if we realise that the Indian economy is now strong enough to play a proactive role in world trade. Instead of fretting at being excluded from the list of developing countries, we should start behaving like a developed country, by taking on the US and China at their own game

    February 27, 2020
  • Former New Zealand PM Mike Moore passes away at 71

    Former New Zealand PM Mike Moore passes away at 71

    He survived three bouts of cancer as a young man but had been in declining health in recent years following a stroke in 2015.

    February 2, 2020
  • India paid about Rs 33 cr as advance payment to WTO for 2020

    India paid about Rs 33 cr as advance payment to WTO for 2020

    Other than receiving income for its annual budget, the WTO also manages a number of trust funds, which have been contributed by members.

    January 20, 2020
  • Impasse at WTO

    Impasse at WTO

    The meeting discussed the impasse in WTO's appellate body, one that could impact the existence of a Dispute Settlement Mechanism, indeed the entity's position as an effective multilateral organisation. The appellate body based in Geneva hears appeals brought by WTO members and consists of seven members. The US has blocked the nomination of new members to the entity. The two-day meeting also provided an opportunity to the developing countries and the Least Developed Countries to forge a consensus on how to move forward on WTO reforms, while preserving the fundamentals of the multilateral trading system.

    May 24, 2019
  • Safeguard duty on steel: India appeals against WTO’s panel ruling

    Safeguard duty on steel: India appeals against WTO’s panel ruling

    The issue pertains to a case filed by Japan in December 2017 against India's decision to impose safeguard duty on some iron and steel products.

    December 26, 2018
  • Manmohan cautions against argument that development requires restrictions on freedom

    Manmohan cautions against argument that development requires restrictions on freedom

    "The more narrowly we seek to define our identity the less capacity we will have in dealing with a globalizing world outside our borders," he said.

    November 19, 2018
  • Reforming WTO

    Reforming WTO

    The European Commission on 18 September proposed sanctions on countries that commit “willful and repeated” obfuscation of their trade policies, as part of an effort to modernise the World Trade Organisation. The WTO “must adapt or it will be in serious trouble”, said Commissioner for Trade. Cecilia Malmstrom. On 28 June, EU leaders agreed “in …

    October 8, 2018
  • US President Donald Trump threatens to pull US out of WTO

    US President Donald Trump threatens to pull US out of WTO

    Donald Trump, who has been pushing protectionist policies, says that the United States is treated unfairly by the body.

    August 31, 2018
  • Donald Trump denies pulling out of WTO; says it treats US ‘very badly’

    Donald Trump denies pulling out of WTO; says it treats US ‘very badly’

    President Donald Trump has denied that he is planning to withdraw the US from the World Trade Organisation, but accused the global trade body of treating America “very badly”. Trump’s remarks came amid reports that he has told his top officials that he wants to withdraw the US from the WTO. “We’ve been treated very …

    June 30, 2018
  • India facing real challenge at WTO: Suresh Prabhu

    India facing real challenge at WTO: Suresh Prabhu

    With the US going back on its commitment to finding a permanent solution to the public food stockholding issue, India is facing a “real challenge” at the World Trade Organisation, Union minister Suresh Prabhu said on Thursday. “For the first time, the country is seeing a real challenge at WTO and the global trading system …

    June 21, 2018
  • India drags US to WTO over steel, aluminium duties

    India drags US to WTO over steel, aluminium duties

    India has dragged the US to the World Trade Organisation’s dispute settlement mechanism over the imposition of import duties on steel and aluminium, an official said. India has stated that the decision will impact exports of these products to the US and it is not in compliance with global trade norms. “India has filed a …

    May 20, 2018
  • WTO’s road from Delhi

    WTO’s road from Delhi

    Trade ministers and senior officials, who met in New Delhi on 19-20 March, defended the role of the World Trade Organisation (WTO) both as an arbiter of trade disputes as well as for setting the rules of the road towards the multilateral trading system. The officials also discussed the possible steps for negotiations at the …

    March 30, 2018
  • Free trade can’t be one-sided

    Free trade can’t be one-sided

    In the past 27 years, due to ongoing process of globalisation, later getting manifested by the advent of rule-based trading system in the form of the World Trade Organisation (WTO), the tendency has been to shed all – tariff or non-tariff – barriers to trade. As per the constitution of WTO, of which there are …

    March 29, 2018
  • Developing nations must act jointly

    Developing nations must act jointly

    US President Donald Trump’s unilateral tariffs on steel and aluminium imports threaten to unleash a trade war with America’s friends and foes. The move may appease Trump’s ‘rust belt’ constituency but is unlikely to end America’s trade deficits or bring back manufacturing jobs. Emerging from the Second World War as the dominant economic power, the …

    March 20, 2018
  • Pakistan pulls out of WTO meet to be held in Delhi

    Pakistan pulls out of WTO meet to be held in Delhi

    Pakistan has reportedly decided to pull out of the World Trade Organisation (WTO) ministerial meet, which is scheduled to take place on March 19-20, in New Delhi, India. According to the media reports, the decision of pulling out has been taken in the wake of on-going diplomatic stand-off between both the neighbouring countries. Sources in …

    March 17, 2018
  • WTO comes a cropper

    WTO comes a cropper

    The World Trade Organisation’s (WTO) 11th Ministerial Conference (M11) during December 10 to 13 December in Buenos Aires, Argentina, ended in an impasse as the US reneged on the commitment to give a permanent solution on public stockholding for developing countries. It also objected to any reference to the Doha development mandate in the proposed …

    December 26, 2017
  • China tells European Union to abide by WTO rules

    China tells European Union to abide by WTO rules

    China on Thursday urged the European Union (EU) to abide by the World Trade Organisation (WTO) rules and avoid abusing trade remedy measures. The EU has described China’s economy as distorted in a recent report, reports Xinhua news agency. “The relevant report makes irresponsible remarks on China’s economy and takes unfair measures to China through …

    December 21, 2017