Page 5 - International Trade
Members to discuss enhancing special treatment for developing nations: WTO
The members of the World Trade Organization (WTO)will discuss on September 23 proposals on enhancing special and differential treatment for developing countries. "At the meeting, members will discuss the latest version of ten agreement-specific proposals on special and differential treatment (S&D) tabled by the Organisation of African, Caribbean and Pacific States, the African Group and the WTO's group of least-developed countries (LDCs), which together comprise the G90," the WTO said in a statement. S&D provisions are flexibilities granted to developing nations and LDCs. It is aimed at increasing trade opportunities for these countries, safeguarding their interests in the form of longer periods for implementation of WTO agreements and providing technical assistance. WTO is a Geneva-based organization dealing with rules of trade between nations. India is its member since 1995.
Banks may not have to pay service tax for facilitating international trade
To facilitate trade, Indian banks provide services to exporters by sending the export documents to the bank of the importer abroad and collect payment
 "Banks may not have to pay service tax for facilitating international trade")
Adopt a strategic posture on trade
The fact is that India's mood on trade, particularly imports, has soured over the last five or six years
Global trade to dip 27% in second quarter after April 'nosedive': UNCTAD
China appeared to have 'fared better' than other major economies, with exports growing by 3% in April
 "Global trade to dip 27% in second quarter after April 'nosedive': UNCTAD")
RBI gives exporters, importers liquidity and more time amid Covid-19 crisis
RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
 "RBI gives exporters, importers liquidity and more time amid Covid-19 crisis")
Global merchandise trade volumes likely to nosedive in H1, says WTO
The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.
 "Global merchandise trade volumes likely to nosedive in H1, says WTO")
India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays
The country has been perennially struggling with huge current account deficits.
 "India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays")
WTO reforms have to factor in interests of all, says Suresh Prabhu
"WTO's reforms have to take into account the interests of all members. It has to come out with a forward-looking agenda in an inclusive manner," Prabhu said
 "WTO reforms have to factor in interests of all, says Suresh Prabhu")
Centre pulls up West Bengal for suspending trade on Indo-Bangla border
Operations at Petrapole checkpost in the Bongaon area of North 24 Parganas district was closed as protests erupted after rumours of Bangladeshi labourers carrying the virus
 "Centre pulls up West Bengal for suspending trade on Indo-Bangla border")
How the US withdrawal of GSP could hit India's garments exports
If readymade garments are also targeted, the impact would be huge as 30-35% of the merchandise in this space goes to the US
 "How the US withdrawal of GSP could hit India's garments exports")
India woos Chinese investors at International Trade event in Zhongshan
CCPIT is a state-run organisation to promote investments abroad
 "India woos Chinese investors at International Trade event in Zhongshan")
