The World Trade Organisation will hold its first general council meeting in Geneva on October 21, to chalk out a future course of action after the collapse of trade talks in Cancun last month.
A 1970 Kerala-cadre IAS officer, Chandrasekhar has been revenue secretary in the Finance Ministry and ambassador and permanent representative at the World Trade Organisation.
Agriculture Minister Rajnath Singh said the failure of developing countries to secure any major concessions from the developed world on agricultural subsidies at the recently-concluded WTO would not have any adverse fallout on the domestic sector.
Left to distance itself from NDA's 'aggressive' stance in Winter session
India's agriculture ministry has identified a list of around 80 special products that should get tariff treatment as part of the World Trade Organisation's current Doha Round negotiations.
China, the world's second largest auto market, will slash import taxes on cars and auto parts from July 1 to comply with Beijing's commitment to the World Trade Organisation.
India on Thursday approved crucial amendments in the WTO agreement on TRIPS permitting governments to break the monopoly of manufacturers of patented drugs by giving 'compulsory licenses' in emergency situations.
A depreciating rupee, which briefly hit 80 to the dollar on Tuesday, may boost India's exports but price-inelastic imports of crude oil and gold would mean limited relief on the trade deficit, which clocked a record $26.2 billion in June. Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee. And, with other currencies depreciating, India's comparative advantage in this respect may be limited.
A draft circular issued by WTO Committee on Rules Chair and Uruguayan Ambassador Guillermo Valles Galmes states that the process of Zeroing -- used by the US to calculate the dumping margin, which is the difference between the local price in the exporting country and the export price -- could be allowed in certain circumstances.
The fresh World Trade Organization proposals on agriculture for negotiating a global deal to cut tariffs are likely to have India's backing, as they provide protection to the farmers of the developing countries.
The government said in Friday it was negotiating aggressively at the World Trade Organisation to facilitate easy movement of professionals across borders to deliver services.
Does intervention by central banks in the currency markets, with a view to keeping the home currency weak and help the exports, constitute a subsidy? Some US legislators think so.
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.
Due to the huge pile-up of visa applications, the US consular officers in the neighbouring country are now adjudicating Indian visa applications where interview requirements have been waived.
Articulating developing countries' stand at the World Trade Organisation talks, India on Friday stuck to its position that there could not be any forward movement on industrial tariffs until its concerns on agriculture were addressed.
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 European Union said on Friday that it would abide by the World Trade Organisation ruling that has favoured India in the bed linen dispute.\n\n\n\n
Citing India's World Trade Organisation commitments made in 2003, Higher Education Secretary R P Aggarwal said, "The government has proposed 100 per cent FDI in higher education in all institutions."
Ranbaxy Laboratories, the biggest member of the Indian Pharmaceutical Alliance, has come out in the open against the alliance's stand on patent issues.
China has protested against the United States limiting the imports of Chinese woollen trousers saying it was groundless and went against World Trade Organisation rules.
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.
