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.
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.
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.
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.
Existing trade deals, especially the 2009 pact with the Asean bloc, have been panned by the Centre for not boosting exports but flooding the domestic market with cheap imports. Subsequently, New Delhi has called for reviewing FTAs with Japan and South Korea. Going by that, a trade deal with the US is unlikely to be beneficial, say experts.
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.
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.
He underlined that Lok Sabha election results in India show that the Modi government kept alive and strengthened the 'expectation of change' in the country.
China and India have approached trade negotiations very differently: the former with confidence, the latter in a defensive crouch, says T N Ninan.
Three million tonnes of buffer stock, where the government bears the interest and insurance cost, was announced by the Centre only for a year and that period is ending in June.
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.
'The PM cannot give a single reason why farmers should trust him.'
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.
In his address to RIC Foreign Ministers, Wang said the three countries should 'correctly handle and properly deal with sensitive factors in bilateral relations and safeguard the overall interests of mutual relation', without directly referring to the current round of India-China military tensions along the Line of Actual Control, (LAC).
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, Indonesia ready to agree to a four-year interim solution.
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.
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.
Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
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.
Imports too tumbled by 58.65 per cent to $17.12 billion in April from $41.4 billion in the same month last year, according to the data by the commerce and industry ministry.
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.
'We do India great disservice if we continue to perpetuate a flawed narrative on trade, one based on myths rather than facts,' says Hardeep Singh Puri.
'There will be much for President Trump and Prime Minister Modi to discuss including growing Chinese military cooperation with Pakistan, which heralds a new attempt by China and Pakistan to neutralise India's influence in its Indian Ocean neighbourhood,' notes Ambassador G Parthasarathy.
It's time Indian parliamentarians learnt to view global economic frameworks without the narrow prism of domestic politics
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.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
The Doha negotiations has been virtually stalled since July 2008.
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.
PM has been regularly seeking people's inputs through mygov.in and his app, to assess the mood of the nation.
Projecting a dip in world trade growth in 2005, WTO has asserted on creation of more opportunities.
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