"We have always said if the WTO Director General feels there is a chance for (another) opening, then we will be prepared to come again to Geneva," Commerce Secretary G K Pillai told reporters on the sidelines of a Ficci-CUTS conference in New Delhi. A marathon meeting of 30 trade ministers failed to reach a common ground when they met in Geneva between July 21-29 on an issue of the level of protection for developing countries in case of import surge.
India seriously lags behind other nations when it comes to healthcare as per the guidelines set by the World Trade Organisation, Delhi Health Minister Yoganand Shastri said on Wednesday.
The secretariat of the Geneva-based global trade body planned to increase Lamy's annual pay by 20 to 30 per cent from around 500,000 Swiss francs ($468,000) at present and proposed the raise at an informal committee meeting in early July to discuss budgetary and other issues, Kyodo news agency quoted trade sources as saying.
Brazilian External Affairs Minister Celso Amorim, who is among the 35 trade ministers at the Delhi informal ministerial meeting said, "In the game of chess, sometimes the end game is much longer over the middle game. The fact that we are in the middle game does not mean it (Doha Round) will finish."
A Priority Foreign Country is a status reserved for those nations that are the most egregious violators of intellectual property rights and have the most negative impact on US competitiveness abroad.
India is not convinced that the new texts on agriculture and non-agricultural market access released by the World Trade Organization last Saturday would lead to consensus among members, though some of its concerns have been addressed with caveats.
The government on Thursday approved the broad strategy for World Trade Organisation services negotiation under which India would be willing to open up several services
US had made similar complaint against India in February.
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
Indian elections and subsequent political developments have come as a glitch to the process of evolving a new proposal on the contentious farm sector negotiations at the World Trade Organisation.
The quota regime in textiles and clothing is unlikely to be extended beyond the deadline of 2005, a senior World Trade Organisation official said on Tuesday.
Emphasising on greater transparency at the World Trade Organisation, both India and China have said no last minute surprises should be sprung on negotiators.
The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre. It further said the process of IMF governance reform under the 16th General Review of Quotas, including a new quota formula as a guide, should be completed by December 15, 2023.
The country feels that the talks are necessary to revive the global economy.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
India has said that developed countries were trying to go back on their commitment on the development content of Doha round of WTO talks and are putting new conditions on developing countries leading to a deadlock.
The United States has approached the World Trade Organisation against India over the high customs duty it imposes on import of wine and distilled spirits.
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.
Through these actions at the WTO, the United States is seeking the prompt provision of detailed information and data from China and India regarding the operation of these subsidy programmes, the USTR said.
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
Prime Minister Narendra Modi on Saturday welcomed a host of world leaders, including United States President Joe Biden and United Kingdom Prime Minister Rishi Sunak, at the Bharat Mandapam, the venue of the G20 Summit.
Commerce and Industry Minister Anand Sharma, who took the initiative of hosting the informal meeting of important countries and blocs like the US, European Union, Brazil, China and Australia, remained busy today with officials. While it is being seen as a bold step by India to re-energise the Doha talks after they collapsed at Geneva in July 2008, New Delhi is consciously keeping the pitch low so as not to raise expectations from the meeting on Thursday and Friday.
The change of mind among Indian experts is based on a recent decision of the UK high court.
Russia on Monday said it will not join the World Trade Organisation this year and is unlikely to join the global trade body next year.
India asks for consultations on rise in professional visa fee that hurts IT companies' interests
India is ready to further cut import tariffs on industrial goods for using it as a strong bargaining point in World Trade Organisation negotiations, Commerce and Industry Minister Kamal Nath said on Monday.
On the eve of the WTO Ministerial Conference in Hong Kong, India on Monday asserted it will not be rushed into a global trade deal that displaces millions of its poor farmers.
Adopting a firm stand, India has said that the success of the WTO negotiations would depend on the willingness of the developed countries to scale down agricultural subsidies and allow market access to developing nations.
India topped the table of the countries resorting to anti-dumping investigations between July and December 2008, while Brazil, China and Argentina were other major users of the WTO-compliant trade remedy to protect their domestic industries against cheap imports.
India will press for greater market access for developing countries in the services sector besides highlighting concerns in agriculture and industrial goods negotiations at the World Trade Organisation mini-ministerial on Saturday at Davos.
Minister for Commerce and Industry Kamal Nath, who arrived in Washington had critical bilateral discussions with senior administration and Congressional leaders on issues related to WTO and bilateral issues.
Despite the noise that India is making at the WTO saying that its food security concerns are non-negotiable, back home it is aggressively pushing for dismantling minimum support prices and at the same time limiting the sovereign role of Food Corporation of India in food distribution to the hungry and the needy, says Devinder Sharma.
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