Ahead of the UNCTAD XI meeting at Sao Paulo, Brazil, from June 13-18, Commerce Minister Kamal Nath on Monday held substantive discussions with Agriculture Minister Sharad Pawar to fine tune India's strategy on farm issues including livelihood concern
The contentious issue of market access, in World Trade Organisation negotiations, will figure prominently in the discussions between Commerce and Industry Minister Arun Jaitley and visiting European Union Trade Commissioner Pascal Lamy.
Enthused by 174 per cent growth in services trade this year, India is readying to make an aggressive offer in the WTO negotiations on services.
India and EU on Monday agreed to resume stalled WTO talks immediately by adopting a flexible approach to narrow the differences on contentious issues like agriculture.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
A domestic policy group would focus on issues related to service taxes, Data Protection Act and Indian Copyright Act. The international group would address global policy issues like WTO, besides visa and work permit matters.
Jaishankar said that the situation in the region has now stabilised and lots of restrictions have been rolled back including the operationalising of landlines and mobile towers and resumption of economic activity.
The tyre industry has urged the Central Government for recast of India's Free Trade Agreements
The Indian industry is not yet fully prepared for the complete elimination of tariffs in the World Trade Organisation identified seven key sectors, including textiles and auto components, the PHD Chamber of Commerce and Industry has said.
US official says India must resort to greater liberalisation so that US investors have as many opportunities here as Indians have in the US.
India was on Friday guarded in its reaction to European Union farm ministers' 'historic' accord to reform its disputed Common Agricultural Policy.
A World Trade Organisation panel ruled against India on Friday in a row with the United States over textiles, handing Washington a victory after several high profile trade dispute defeats.\n\n\n\n
The controversial legislations in several American states, including New Jersey, banning outsourcing of state contracting of services would be legally valid under the WTO's General Agreement on Trade in Services, according to US legal experts.
Holding that transparency, predictability and upholding the rule of law are essential for better ties, a senior American diplomat today said the US is keen to restart work on a Bilateral Investment Treaty (BIT) with India for deepening economic relationship.
India is expected to link drastic reduction of huge financial support given to their farm sector by many western countries to the reduction of customs duty on agri-products by developing nations, in the WTO mini-ministerial beginning in Tokyo.
The government is considering de-canalising import of petrol and diesel from the next fiscal, a move long awaited by global oil majors like Royal Dutch Shell to begin petro retailing in the country.
Agriculture will be a 'hot-ticket item' for negotiations at next week's WTO ministerial talks in Cancun where the EU, accused as 'protectionist,' would seek a balance between market opening and preservation of a viable countryside world-wide.
With the new patent regime impending, the focus on the exports market can save Indian companies from any unlikely event post-2005.\n\n\n\n
European Commission has claimed that its agriculture proposal submitted to the World Trade Organisation is fair and a win-win with sufficient safeguards to protect food security of developing countries including India.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
The government on Monday said the progress in majority of the issues covered by the Doha Work Programme has been uneven
According to government data, the prices have still not crossed the MSPs in some mandis.
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