Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times chief economics commentator Martin Wolf said on Friday. Wolf further said that India would also become a superpower by 2047. "India wishes to become a high-income country by 2047.
US Trade Representative's office in early February asked India for WTO consultations on its national solar program, the Jawaharal Nehru National Solar Mission.
Live on one of Gelephu's inhabitable bridges where elephants will saunter past, be it day or night; or be homed in a never-ending building with flying cars and robot maids? asks ambivalent Sandeep Goyal.
'Shark fins are the most sought-after shark product.'
A last-ditch attempt to rescue the Doha round of world trade talks is likely to be made towards the end of July at a Geneva meeting of 30 trade ministers from among the 150-member countries of the World Trade Organisation (WTO).
Why can't the Indian government propose to the Chinese a corridor circumambulating the Holy Mountain where people from both sides could perform the yatra again? asks Claude Arpi.
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.
It's time Indian parliamentarians learnt to view global economic frameworks without the narrow prism of domestic politics
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
The United States has filed a complaint against China at the World Trade Organisation over the nearly $3 billion of antidumping and countervailing duties that Beijing levies on US automobile exports, saying that such duties abuse trade laws.
The coming months will see intense negotiations between World Trade Organisation members to achieve a breakthrough in the Doha Round of world trade talks by the end of July this year.
India has been the single biggest beneficiary of the decades-old US Generalized System of Preferences programme, allowing the country to export $ 5.7 billion worth of duty-free goods in 2017, according to figures from US Congress.
The initiative for the consultations among the select ministers was taken by Australian Trade Minister Simon Crean.
The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations.
Duty-free and quota-free access in favour of LDCs is a commitment undertaken by WTO members at the launch of the Doha Round in 2001.
In a major development, India and the US have agreed to end six trade disputes at the WTO through mutually agreed solutions, while New Delhi will remove retaliatory customs duties on certain American products such as almonds, walnuts, and apples.
Australian Trade Minister Simon Crean has expressed optimism in sorting and settling challenging differences.
The United States on Monday ruled out cutting farm subsidies unilaterally, but said it was open to talks on the subject with a view to restarting the Doha Round of negotiations at the World Trade Organisation.
While India does not figure in the top 10 export destinations for Pakistani goods, it serves as a crucial channel for select goods such as leather hides and cheaper variants of fertilisers that are generally procured by importers at short notice.
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.
A feasibility study on the proposed Free Trade Agreement, officially known as the Comprehensive Economic Cooperation Agreement, has long been finalised but cannot be acted upon in the absence of Russia joining the WTO.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
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.
The United States is committed to move the multilateral trade talks forward this year but India, China and Brazil need to contribute to a positive outcome of the World Trade Organisation negotiations, US Trade Representative Susan Schwab has said.
Unable to penetrate the fast-growing Indian wine market, the American wine industry has charged New Delhi with adopting "highly protectionist measures" to shield the domestic industry.
India on Wednesday banned 118 more mobile apps with Chinese links, including the popular game PUBG, citing data privacy concerns and a threat to national security, taking the total count of Chinese-linked mobile apps banned by New Delhi to 224.
Some of these nations are India's biggest export market. India is also dependent on these countries to meet its energy needs.
Commerce secretary Sunil Barthwal is set to attend a two-day meeting from October 23 at the World Trade Organization (WTO) headquarters in Geneva, that would focus on finding solutions and giving the 'necessary political push' for at least some crucial global trade issues. Next week's meeting comes ahead of the WTO's 13th ministerial conference (MC13), scheduled in Abu Dhabi in February 2024. It will see participation of senior government officials from all WTO member nations.
West Bengal has been granted Geographical Indication status for the sweet.
WTO bullish about success of Mexico round
WTO summit will see whether decade-long negotiations would go forward or be brought to an end.
'As long as people are willing to compromise on quality for a lower price, the unorganised retail sector will stay.'
He asked to focus on the 'vocal for local' mantra during the 'Azadi ka Amrit Mahotsav' celebrations.
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.
It have also called for enhanced monitoring of all protectionist measures and high-level political awareness of the associated macroeconomic risks.
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
Commerce and Industry Minister Anand Sharma, who took the initiative of hosting the informal meeting of important countries and blocs like the US, European Union, Brazil, China and Australia, remained busy today with officials. While it is being seen as a bold step by India to re-energise the Doha talks after they collapsed at Geneva in July 2008, New Delhi is consciously keeping the pitch low so as not to raise expectations from the meeting on Thursday and Friday.
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