The UK froze ministerial-level dialogues, including the Joint Economic and Trade Commission (JETCO) meetings, over human rights and security concerns
India, however, believes that such retaliations will eventually be detrimental to the trade on both sides
The UK believes membership will give it a role in setting regional trade rules over the coming decades
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Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade and business activity, will help power their recoveries
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.
India can't afford to ignore RCEP
Govt to pitch specific levels of tariff reduction for China, different from those offered to all other nations at upcoming ministerial meet