Britain on Thursday said it was unlikely that the next World Trade Organisation Ministerial will be held this year, indicating that completion of the Doha Development Round of trade negotiations will miss the deadline of January 01, 2005.
A 1970 Kerala-cadre IAS officer, Chandrasekhar has been revenue secretary in the Finance Ministry and ambassador and permanent representative at the World Trade Organisation.
The World Trade Organisation will hold its first general council meeting in Geneva on October 21, to chalk out a future course of action after the collapse of trade talks in Cancun last month.
India's agriculture ministry has identified a list of around 80 special products that should get tariff treatment as part of the World Trade Organisation's current Doha Round negotiations.
Left to distance itself from NDA's 'aggressive' stance in Winter session
Agriculture Minister Rajnath Singh said the failure of developing countries to secure any major concessions from the developed world on agricultural subsidies at the recently-concluded WTO would not have any adverse fallout on the domestic sector.
China, the world's second largest auto market, will slash import taxes on cars and auto parts from July 1 to comply with Beijing's commitment to the World Trade Organisation.
India on Thursday approved crucial amendments in the WTO agreement on TRIPS permitting governments to break the monopoly of manufacturers of patented drugs by giving 'compulsory licenses' in emergency situations.
The World Bank has appointed Indermit Gill, an Indian national, chief economist and senior vice-president for development economics at the multilateral development bank. "Indermit Gill brings to this role a combination of leadership, invaluable expertise and practical experience working with country governments on macroeconomic imbalances, growth, poverty, institutions, conflict, and climate change," World Bank President David Malpass said in a statement. His appointment will be effective September 1, 2022.
Lou also spoke about China's tensions with neighbouring countries without directly mentioning the eastern Ladakh border standoff with India since May 2020 which resulted in the Galwan Valley clash in June of that year.
A draft circular issued by WTO Committee on Rules Chair and Uruguayan Ambassador Guillermo Valles Galmes states that the process of Zeroing -- used by the US to calculate the dumping margin, which is the difference between the local price in the exporting country and the export price -- could be allowed in certain circumstances.
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 World Trade Organization proposals on agriculture for negotiating a global deal to cut tariffs are likely to have India's backing, as they provide protection to the farmers of the developing countries.
The government said in Friday it was negotiating aggressively at the World Trade Organisation to facilitate easy movement of professionals across borders to deliver services.
Ron Somers, founder and CEO of India First Group and the former President of leading business advocacy group US-India Business Council said that when Lok Sabha election results are declared on June 4, "I believe that Narendra Modi will win Parliament by the largest majority ever recorded in the country's history.
Does intervention by central banks in the currency markets, with a view to keeping the home currency weak and help the exports, constitute a subsidy? Some US legislators think so.
Articulating developing countries' stand at the World Trade Organisation talks, India on Friday stuck to its position that there could not be any forward movement on industrial tariffs until its concerns on agriculture were addressed.
Approved by the State Council, or China's cabinet, the move was taken to honour China's tariff reduction commitment upon its accession to the World Trade Organisation, the Customs Tariff Commission said in a statement.
Citing India's World Trade Organisation commitments made in 2003, Higher Education Secretary R P Aggarwal said, "The government has proposed 100 per cent FDI in higher education in all institutions."
Ranbaxy Laboratories, the biggest member of the Indian Pharmaceutical Alliance, has come out in the open against the alliance's stand on patent issues.
The European Union said on Friday that it would abide by the World Trade Organisation ruling that has favoured India in the bed linen dispute.\n\n\n\n
China has protested against the United States limiting the imports of Chinese woollen trousers saying it was groundless and went against World Trade Organisation rules.
In a dispute pertaining to preferential treatment to some countries, a World Trade Organisation dispute settlement panel has ruled in India's favour against the European Commission.
However, the country has not put any restrictions on the entry of new foreign banks, since it wants a reciprocal gesture as Indian banks increasingly are plan to expand overseas.
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