The aim of India's G20 Presidency is to build a shared understanding of the challenges faced in accelerating global trade and investment, and leveraging existing opportunities to make growth inclusive and transparent.
In 2004, the United States filed a case with the WTO and accused the EU of providing illegal subsidies to Airbus in various forms.
It is high time for member-states to unite and adopt corrective measures and halt the WTO from losing its relevance. The member-states should immediately strike a deal on the vital issues of the dispute settlement mechanism, thereby averting the acute danger of the WTO falling apart. Failure of the WTO would be a severe shock not only to the multilateral trading system but also to the global economy as a whole.
With the two firms accounting for almost two-thirds of global chip production, the issue is raising concerns about the impact on the supply chains across the planet.
Worse, the farm sector, the biggest engager of people, even if in a state of underemployment, is in extreme jeopardy.
There is little doubt that bilateral relations have attained a “major-country relationship” featuring what President Xi described as the “highest degree of mutual trust, the highest level of coordination and the highest strategic value”.
At the summit-level negotiations of WTO, India upped the ante to protect its food security, even as the US refused to agree to the demands of developing nations on the issue. Initially, India was bargaining hard for improving an already available mechanism that safeguards government purchase of staple foodgrain from low-income and resource poor farmers at subsidised prices for stockpiling, and then distributing them to the country's economically weak.
The biennial conclave of the World Trade Organization in Buenos Aires has followed the distressing course of serial stalemates. Wednesday’s…
India and China have called for eliminating trade-distorting agricultural subsidies given by developed countries, in a joint proposal to the…
