"... An early conclusion of Doha Round is important; India is willing to take part in negotiations at the WTO provided the core concerns of the Round, namely development concerns of developing nations are addressed," commerce and industry minister Anand Sharma told Rajya Sabha.
Acting on complaints from India and eight other co-complainants, the World Trade Organisation Dispute Settlement Panel has held that the Continued Dumping and Subsidy Offset Act of the United States had violated obligations.
Commerce and Industry Minister Kamal Nath will deliver a special address on 'India and the future of the world trade talks' at the University College at Oxford on Thursday.
The World Trade Organisation agreed on Monday to an Indian demand for a probe into special trade deals granted by the European Union to countries fighting drug trafficking.
Pressure is on India to eliminate duties on sectors like auto, pharma, chemicals, electronics, gems and jewellery for giving developed nations real market access.
During separate bilateral meetings with Brazil and India in Paris last week, the US conveyed that it was the responsibility of emerging countries to convince their trade and other lobbies on a zero-for-zero tariff elimination for these products, failing which Washington would find it difficult to secure the green light from its powerful industrial and Congressional groups to conclude the Doha talks, Business Standard was told.
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
The commerce ministry has recommended the continuation of anti-dumping duty on a Chinese chemical used in food and pharma industry with a view to guard domestic players from cheap imports. In a notification, the ministry's investigation arm, the Directorate General of Trade Remedies (DGTR), has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty were to be removed.
India has lifted the ban on importing Chinese toys imposed in January, but retained the safety standards for consignments from China. Pillai said he has assured the Chinese vice-minister that India is in the process broadbasing the safety norms for imports from all countries.
Director General of the World Trade Organisation had stated early this month that the current food crisis can be solved through a successful outcome of the Doha Round of negotiations for a multi-lateral trade deal among 151 countries. Biswajit Dhar, head of the Centre for WTO Studies, Indian Institute of Foreign Trade, felt that if an agreement is reached it would provide certainty in terms of policy regime for the farmers in developing countries.
India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.
As expected, some WTO members have expressed immediate reservations and it looks far from certain as to whether the WTO can end up achieving anything. In fact, the very relevance of the DDR and even the WTO are now being questioned by independent observers. WTO Director General Pascal Lamy was hopeful the negotiating texts clearly indicate where convergence lies among the WTO members and that the documents provide a springboard for a new and critical stage.
WTO chief's two-day visit to India beginning Tuesday will also see him holding discussions with Commerce and Industry Minister Kamal Nath, as well as representatives of the industry, sources said. His visit comes days after the WTO mini-ministerial meeting in Geneva collapsed on the issue of safeguard for farmers from the developing countries against import surges.
Today environmental trade is on the rise. The world realises that environment contributes to the growth of trade in a substantial manner. In fact, the logic or justification behind the promotion of environmental trade was that it would benefit developing countries and LDCs in establishing environmental infrastructural facilities in their own country.
For developing countries, the key to both food security and livelihood security is the ability to protect small and marginal farmers from unfair competition and the policy space within which they can develop an agricultural policy centered on small-farmers and the maximisation of employment growth.
Shrimp exporters see a major breakthrough in the US anti-dumping duty case, with a host of countries, including Brazil, China, Vietnam, Japan and South Korea, strongly supporting India at the ongoing World Trade Organization (WTO) panel hearing.
China and India have approached trade negotiations very differently: the former with confidence, the latter in a defensive crouch, says T N Ninan.
'Have you met anyone who said "I will not boycott Chinese products"?'
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
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.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
China, Indonesia ready to agree to a four-year interim solution.
WTO chief Pascal Lamy has asked India to give increased market access for agricultural products and contribute toward advancement of the contentious Doha Round of global trade talks.
The Director General of World Trade Organisation, Pascal Lamy, today urged to speed up the negotiations on the Doha Round as the Trade Promotion Authority in United States is expiring in June.
The unilateral pressure by US administration on India, at the behest of US Business Associations lobby through US International Trade Commission investigations and request to USTR to enlist India under Priority Foreign Country under Special 301 review, lacks legitimacy under WTO framework, the signatories to the letter said.
India is not so keen to co-operate with the US on IPR related probe.
Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
In the last five years, imports from HK have more than tripled -- from $5.6 billion in FY15 to $17.1 billion in FY20. In the same period, exports declined by 20 per cent -- from $13.6 billion in FY15 to $10.8 billion (annualised) in FY20.
Contending there are 'strategic flaws' in the global trading system, India said on Tuesday these need to be corrected for resumption of the Doha Round of WTO talks which are suspended since July.
The US asked India on Monday to reduce barriers for increasing bilateral trade and expressed hope of forward movement in the stalled WTO talks.
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 collapse of the G-4 talks, India on Friday said the group's role as a consensus- building mechanism in WTO talks has come to an end and warned the US and EU against trying to divide developing nations.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
