The WTO's quarterly outlook indicator, comprising seven trade parameters, stood at 96.3, the lowest since March 2010 and down from 98.6 in November. Exports from India would be hit if there is a slowdown in world trade.
Divestment Minister Arun Shourie will lead the Indian delegation to the two-day World Trade Organisation mini-ministerial in Montreal beginning on Monday, which would try to narrow down differences on contentious issues.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Federation of Indian Chambers of Commerce and Industry on Wednesday asked the US to restore the Generalised System of Preferences for Indian exports of chemicals and allied products.\n\n\n\n
In a major trade victory for India and several other countries, the World Trade Organisation has held as violation of global trade rules a controversial USlaw allowing American companies to collect more than $470 million
India has rejected the World Trade Organisation's proposal to conclude the negotiations on the Doha Round by June-end.
The Department of Pharmaceuticals has submitted a freight subsidy scheme for exporters to the Commerce Ministry so that they could take alternate routes and avoid transit through Europe, which is a shorter route with better connectivity.
No one expects the US to sign up on any real deal till the next presidential elections are over.
Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
'We are convinced a section of the bureaucracy believes we should follow the Western model of economic development including the dictates of the WTO,' says RSS Spokesman Ram Madhav.
India and the US will co-chair a 14-member special group on services negotiations, a move aimed at giving a boost to World Trade Organisation talks in services ahead of the Hong Kong Ministerial Conference in December.
'There is not any negative connotation associated with it.'
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.
Alongside the mini-ministerial meeting beginning in Geneva from Monday, the World Trade Organisation is convening on July 24, a 'Singalling Conference' where countries would give indications of the kind of market they are willing to concede in services. It demanded that the conference should be held in serious negotiation mode. The domestic regulations acting as barriers to the supply of services by Indian professionals in the developed markets should be removed, it said.
Being a member of the World Trade Organisation and General Agreement on Trade in Services, India will have to lift restrictions on foreign capital in insurance.
Speaking to reporters on Tuesday, Commerce Secretary Gopal K Pillai said the agriculture text proposals on the special safeguard mechanism were not acceptable to India. A country can use the SSM to impose up to 50 per cent additional import duty on farm products which have seen a surge in imports.
Commerce Minister Kamal Nath will lead the Indian delegation at the World Trade Organisation mini-ministerial meet in the Kenyan capital of Mombasa from March 2-4.
India on Wednesday warned WTO members of backlash in developing countries if economic reforms were perceived to be an imposition from outside.
Commerce and Industry Minister Arun Jaitley will lead the Indian delegation to the World Trade Organisation mini- ministerial at Sharm-el-Sheikh in Cairo, beginning June 20.\n\n\n\n
Trump said India and China - the two economic giants from Asia - are no longer developing nations and as such they cannot take benefit from the WTO.
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