In the absence of progress on services negotiations in the WTO, India is sending a team of officials to Europe to strike a deal in the services area with the EU under the Bilateral Trade and Investment Agreement.
Rich countries should bring down tariffs on goods that developing countries want to export to them for achieving objectives of the Doha Round of trade talks at WTO, President A P J Abdul Kalam said on Friday.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
Prime Minister Manmohan Singh on Monday said the approach of developed nations in managing global affairs was not acceptable and questioned the subsidies given by the West in WTO regime to the detriment of developing countries.
India, Brazil and other developing countries have been asking rich nations like the US and European Union to cut farm subsidies, while resisting the pressure mounted the developed nations for reducing industrial tariffs. The Doha Round is running way behind schedule as the rich and poor nations have failed to reach a consensus on the controversial issues.
India, which is the world's largest user of anti-dumping measures, also tops the list of countries that have taken the maximum number of safeguard actions such as restricting imports of a product to protect the domestic industry.
India has emerged as the fastest growing nation in the global services trade and contrary to popular belief, the country's import growth in commercial services has outpaced exports in 2006, a WTO report said.
If the United States has its way in the World Trade Organisation, Indians may soon be able to savour the famed Californian wine for a much lesser price.
Narendra Modi and Barack Obama will ponder over ties twice over, says Nayanima Basu
P Chidambaram said to be able to play a meaningful role in the global governance, the G-20 agenda should be sharper and focused only on those issues on which it can make a distinctive contribution, particularly, on economic and financial matters.
Greater involvement by world political leaders is expected to deliver a breakthrough in the Doha Round of negotiations at the World Trade Organization by June, the chief of the multilateral trade body Pascal Lamy said.
Freer movement of Indian professionals in 25 European Union member countries is likely to be a reality in the near future, as this will be a key point of negotiations in the proposed Free Trade Agreement with EU.
Uncorking that bottle of champagne because the government has reduced duties on spirits? Well, hold the celebrations, dude, because it might turn out to be all song and dance about nothing or, at least, about very little.
India on Tuesday said it was making a last ditch effort to revive the collapsed WTO talks but made it clear that it would not allow industrialised nations to trample developing countries' interest, especially in the sensitive farm sector.
Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD, and these steps are likely to have a positive impact on the external sector.
Ahead of WTO's latest effort to revive the stalled trade talks, India on Friday asked the US to make substantial cuts in farm subsidies.
India has held that countries responsible for creating the problem of climate change should come out in a big way to solve this issue.
India has rejected the US proposed tariff reduction formula for agriculture at the WTO trade negotiations as it completely ignored New Delhi's special concerns and sensitivities.
India's share in the global trade is likely to go up to two per cent in 2009 from 1.5 per cent in 2006 on the back of fast growth in goods and services trade, Commerce Minister Kamal Nath said on Tuesday.
Calculators have been exported to India from China below the normal value
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.
The means to do so via an expanded Aadhaar system is easily at hand, too.
India has jumped five places to become the world's 11th biggest exporter of commercial services in 2005, and inched one step ahead to the 29th rank among the largest merchandise exporters, according to the latest statistics by WTO.
Trade ministers of the Group of Six (G-6) countries resolved on Thursday to conclude the six-year-old Doha Round of trade talks by the end of the year.
Having exhausted its powers to block a World Trade Organization probe into high import duties on wine and spirits, India is likely to slash the rates through a new law to resolve the issue with the European Union and the US.
US President George W Bush on Monday spoke to Prime Minister Manmohan Singh and discussed the status of the civil nuclear deal and the recent nuclear test by North Korea.
In Andhra Pradesh, a maximum of 2,044.15 hectares of land are lying vacant.
India has overtaken China as exporter of textile to the US and Europe markets due to cap on Chinese textiles in those countries.
He is acknowledged as the person behind transforming Tata Steel into the world's 11th largest steel-maker.
