The United States is creating a new strategic framework for the 21st century and its Trans-Pacific Partnership is just one of the pillars of the new edifice, says Sanjaya Baru.
India's export basket for Pakistan has a limited portfolio as Pakistan has not given 'most favoured nation' status to New Delhi and such goods have ready market in South Asia and the Middle East.
The report was jointly prepared by the Paris-based Organisation for Economic Cooperation and Development and the World Trade Organisation.
Australian Trade Minister Simon Crean has expressed optimism in sorting and settling challenging differences.
Chinese Premier Wen Jiabao on Monday proposed collaboration between India and China in global fora like World Trade Organisation and G-20 and in the financial sector, as top planners of the two countries had a "productive" round of talks at the first Strategic Economic Dialogue in Beijing.
Union Trade Minister Anand Sharma said on Monday that the impasse has been broken over the World Trade Organisation's long-running Doha round of trade talks.
Imports too contracted by 28.72 per cent to $31.16 billion. Dip in exports and imports narrowed the trade deficit -- the difference between imports and exports -- in March to $9.76 billion, the lowest in the last 13 months.
India plans to cut transaction costs for exporters and ensure the availability of dollar finance, as it looks to reverse a decline in exports and double outbound sales of goods and services over the next five years.
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
Bolton said that the arguments for China joining the World Trade Organisation was that it would become a more market-oriented rules-based society.
WTO summit will see whether decade-long negotiations would go forward or be brought to an end.
It have also called for enhanced monitoring of all protectionist measures and high-level political awareness of the associated macroeconomic risks.
To the chorus of the usual suspect television news brigade in New Delhi, Pakistan seems to have launched a 'Peace Offensive' of sorts vis a vis India. After a delay of 15 years it now wants to reciprocate by granting the Most Favoured Nation status to India for trade. For the uninitiated, MFN is an obligation under the World Trade Organisation regime.
The United States on Wednesday filed a case against China with the World Trade Organisation, alleging that the Asian powerhouse was illegally subsidising the production of wind power equipment.
India may formally approach the World Trade Organisation's dispute panel against the European Union following the seizure of low-cost generic medicine consignments in European ports meant for other developing countries. The two parties have failed to reach an amicable solution during the consultation process.
Nine years after New Delhi started implementing its Plan B - bilateral trade agreements - to beat the impasse at the World Trade Organisation's Doha Round of liberalisation talks, India seems to be finally rolling.
No one expects the US to sign up on any real deal till the next presidential elections are over.
Lamy said the international trade body will continue to keep a close watch on protectionist measures that impede international free trade.
A day after the US dragged China to the World Trade Organisation, Treasury Secretary Timothy Geithner is slated to brief two key congressional committees later on Thursday on how the Obama administration plans to make Beijing provide a more-level playing field to American firms.
As India has kept out of the multilateral agreement on public procurement, it may find it tough to contest in the WTO the US state of Ohio's ban on offshore outsourcing by government departments, experts said.
Chinese experts called for consultations between India and China to sort out differences on reported moves in India to stop importing Chinese telecom equipment apparently over fears of inherent security risks.
The run-up to the G20 meeting in Seoul, South Korea in November will be busy for members of the World Trade Organisation (WTO). Starting mid-September, various small group meetings will be convened in Geneva to discuss and possibly resolve the outstanding issues in the Doha Round so that the political leaders of the G20 countries can provide a road map for concluding the stalled multilateral trade negotiations and help, revive and sustain global economies.
India may drag US to the World Trade Organisation for its new "protectionist" move in hiking professional visa fees, a step that will make Indian IT companies less competitive in the American market.
China severely limits opportunities for US companies in its telecommunications sector.
Russian President Dmitry Medvedev will begin his two-day visit to the United States on Wednesday with a tour of Silicon Valley, as Moscow seeks to build a similar centre for an innovative modernisation of its economy.
Negotiators from the two sides will meet in July either at Brussels or Geneva, additional secretary in the commerce ministry D K Mittal told PTI.
Modi hits out at trade protectionism and calls for a rule-based, transparent, anti-discriminatory, open and all inclusive WTO-centred multilateral trading system focused so that the interests of every country specially the developing ones can be taken care of.
The fresh initiative by Commerce Minister Anand Sharma to meet ambassadors of the key members of the World Trade Organisation (WTO) in Geneva, in a bid to revive the deadlocked Doha round of trade negotiations, is well-timed though a positive outcome may be doubtful.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
The WTO Appellate Body on Monday held that China was obstructing trade by forcing foreign suppliers to distribute certain copyright-intensive products through state-owned companies which is inconsistent with the Beijings obligations with the WTO.
Indian medicine accounted for over 50 per cent of all drug seizures in Europe for intellectual property rights violation last year. Industry experts said this indicates the seriousness of the problem. This data was revealed in the recently-released 2009 report of the European Union on the customs enforcement activities of its member states.
India has not changed its position on agriculture and industry at the World Trade Organisation negotiations on freeing global trade to protect the interests of its farmers and small enterprises, Commerce and Industry Minister Anand Sharma has said.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
There is no proposal under consideration to give India the Most Favoured Nation status, Pakistan Commerce Minister Khurram Dastgir Khan has said.
Unable to penetrate the fast-growing Indian wine market, the American wine industry has charged New Delhi with adopting "highly protectionist measures" to shield the domestic industry.
Meeting will confine discussion to processes involved in building consensus among members.
'While growth will bounce back from the current sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6 per cent,' notes T N Ninan.
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
The Department of Pharmaceuticals has submitted a freight subsidy scheme for exporters to the Commerce Ministry so that they could take alternate routes and avoid transit through Europe, which is a shorter route with better connectivity.
There 'appears to be a conscious policy to create unfair preferences for Chinese industries by making raw materials cheaper for China's companies to get, and goods more economical for them to produce, US Trade Representative Ron Kirk said on Tuesday. The European Union has filed a similar complaint with the WTO.
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