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 expressed disappointment over the first draft text for the forthcoming World Trade Organisation Ministerial Conference in Hong Kong
India has said it is committed to working for a successful conclusion of Doha round of World Trade Organisation talks despite the setbacks witnessed in the recent months.
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.
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.
The European Union on Wednesday said there would not be any dialogue with India on the World Trade Organisation issues when their political heads meet at the India-EU summit this weekend, even though trade issues will figure in the summit.
'Within India, people want high-quality, personalised banking services, and the demand for such services has exploded.'
India on Wednesday maintained that its laws were compliant with the trade related intellectual property rights, dismissing the United States concern over New Delhi's "reluctance" to adopt TRIPS compliant patent law.
Tata Communications (formerly VSNL) has acquired a 50 per cent stake in Beijing-based telecom and IT services firm China Enterprise Communications for an undisclosed sum. The acquisition was done through its wholly owned subsidiary, Tata Communications International Pte.
Industry sources said the meeting could be preceded by a business-to-business meeting among the industry leaders from these countries.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Commerce Minister Arun Jaitley will lead a high-power delegation to the WTO ministerial beginning at Cancun in Mexico on September 10 in which India and other developing countries are expected to lock horns with the US and EU on several issues.
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.
Divestment Minister Arun Shourie will lead the Indian delegation to the two-day World Trade Organisation mini-ministerial in Montreal beginning on Monday, which would try to narrow down differences on contentious issues.
Federation of Indian Chambers of Commerce and Industry on Wednesday asked the US to restore the Generalised System of Preferences for Indian exports of chemicals and allied products.\n\n\n\n
In a major trade victory for India and several other countries, the World Trade Organisation has held as violation of global trade rules a controversial USlaw allowing American companies to collect more than $470 million
India has rejected the World Trade Organisation's proposal to conclude the negotiations on the Doha Round by June-end.
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
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.
