In a dispute pertaining to preferential treatment to some countries, a World Trade Organisation dispute settlement panel has ruled in India's favour against the European Commission.
However, the country has not put any restrictions on the entry of new foreign banks, since it wants a reciprocal gesture as Indian banks increasingly are plan to expand overseas.
World Trade Organisation negotiators on Friday made a last-ditch effort to salvage the deal on easier availability of life- saving medicines to poor countries, which fell through earlier in the day.
The commerce ministry has moved a Cabinet note for inter-ministerial consultations to finalise India's offers on services for the World Trade Organisation.
India has asked the developed countries to implement their part of obligations under the World Trade Organisation, reduce agriculture subsidy and make their market accessible to developing countries.
The government on Thursday approved the broad strategy for World Trade Organisation services negotiation under which India would be willing to open up several services
There is no proposal under consideration to give India the Most Favoured Nation status, Pakistan Commerce Minister Khurram Dastgir Khan has said.
India would have a new World Trade Organisation-compliant patent regime by January 1, 2005, apart from making India competitive
After the European Union, Taiwan could take India to the World Trade Organisation with regard to its anti-dumping measures.
India's shrimp exporters heaved a sigh of relief last week following the decision of World Trade Organisation's anti-dumping panel to set July 24 as the deadline for the final hearing on the issue.
Under pressure from the United States and the European Union, which have dragged it to the World Trade Organisation over high duties on wines and spirits
India's Ambassador at the World Trade Organisation K M Chandrashekar is all set to become the new revenue secretary and special secretary S N Menon will become the new commerce secretary.
Ahead of the crucial World Trade Organisation General Council meeting in Geneva next week, India on Saturday said it would not compromise on food security and livelihood concerns and demanded substantial changes in the draft framework to make it acce
Lou also spoke about China's tensions with neighbouring countries without directly mentioning the eastern Ladakh border standoff with India since May 2020 which resulted in the Galwan Valley clash in June of that year.
India and Brazil have opposed tooth and nail the tariff reduction formula proposed by United States and European Union at the World Trade Organisation with the just concluded agriculture negotiations ending without making any headway.
India has submitted its offers at the World Trade Organisation to open up various services including health, telecom, engineering, construction, book-keeping and accounting, travel and tourism, maritime and computer-related services.
India on Monday decided to adopt a wait-and-watch approach on making its offers to the World Trade Organisation on opening up its services sector but said liberalisation of retail, legal and accountancy services will be solely driven by national inte
At the meeting of the 160-member World Trade Organisation in Geneva on Friday, India demanded a halt to the trade facilitation timetable till a permanent solution on public stockholding for food security is found.
It called the draft text 'totally unacceptable, insensitive and unbelievable'.
Emphasising on greater transparency at the World Trade Organisation, both India and China have said no last minute surprises should be sprung on negotiators.
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