The government on Thursday warned the industry of being isolated in the World Trade Organisation and overtaken by countries like China if it continued to maintain a negative and suspicious attitude rather than effectively engaging in a dialogue.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
Former Union minister Suresh Prabhu would be India's Sherpa at the 14th meeting of the world's top economies in Osaka, Japan.
Congress on launched an all out attack on Prime Minister Narendra Modi accusing him of "misleading" people on the WTO issue and ridiculed BJP over its "Congress phobia".
'Putin has set aside all the rules and now he is deciding the rules.'
The US has expressed concern over India's lack of transparency in its trade policy, as a result of which small and medium-sized enterprises have difficulties in investing and doing business in the country.
WTO summit will see whether decade-long negotiations would go forward or be brought to an end.
With the United States adopting protectionist policies and hiking import duties, a trade war like situation has emerged.
The government has taken several measures to clear the applications and that includes sanctioning of 373 additional posts in the patent wing.
With global trade talks struggling to make some headway, the US on Tuesday declined to improve its offer for reducing farm subsidies and instead sought greater market access in other developed countries such as the European Union.
Trade ministers of key WTO member countries, including India would meet on the sidelines of the Organisation for Economic Cooperation and Development meeting in Paris in the last week of May.
As Trade Minister Anand Sharma resists the WTO's attempts to nix India's food security initiative, Rediff.com's Uttam Ghosh offers his perspective.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
He conveyed India's position to visiting Director General of the Food and Agriculture Organization Jose Graziano da Silva whom he urged to take the lead in protecting the interests of the poor and farmers at the World Trade Organisation.
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Kerry said this in a newspaper article co-authored by US Commerce Secretary Penny Pritzker.
Prime Minister Narendra Modi said on Wednesday that international travel should be made easier through mutual recognition of vaccine certificates, amid several countries adopting different sets of rules to allow foreigners to enter their territory in the wake of the COVID-19 pandemic.
Commerce Minister Kamal Nath will lead the Indian delegation at the World Trade Organisation mini-ministerial meet in the Kenyan capital of Mombasa from March 2-4.
India on Friday stood its ground against attempts to dilute the triggers in the Special Safeguard Mechanism to check unforeseen rise in imports of farm goods
India and Brazil have opposed tooth and nail the tariff reduction formula proposed by United States and European Union at the World Trade Organisation with the just concluded agriculture negotiations ending without making any headway.
The United States Trade Representative Robert Zoellick has invited key trade ministers including India's and European Union's for a meeting in London this month end to find ways to move forward in the World Trade Organisation.
Mounting fresh pressure on developed nations, India on Tuesday said that three of the four Singapore issues should be dropped from the work programme of 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 said on Tuesday it was investigating US policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
India on Wednesday warned WTO members of backlash in developing countries if economic reforms were perceived to be an imposition from outside.
The government of Switzerland will not be taking up the allegation by Novartis that Indian patent law is incompatible with the Trade-Related Aspects of Intellectual Property Rights agreement at the dispute settlement board of the WTO.
Under these rules, telecom gear makers have to share their source codes and get their equipment tested by third-party labs accredited to the government.
Industry bodies said India's move to grant the status to Pakistan had not made much of a difference as it was not reciprocated
Balachandran said that he would encourage Kamala Harris like any other parent and advice her to continue the good work.
