Trade Disputes

No one will win a trade war, China says after Trump tariff threat

Trump said he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States

Canada to start consultation to impose surtax on Chinese electric vehicles

Canada's government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles. A 30-day consultation on the issue will begin on July 2 to counter what Deputy Prime Minister Chrystia Freeland said Monday is a clear effort by Chinese companies to generate a global oversupply. Canada's move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer. Our automotive sector supports nearly 550,000 good paying Canadian jobs, Freeland said. Canadian workers and the auto sector are facing unfair competition from China's intentional state directed policy of overcapacity that is undermining Canada's EV sector ability to compete in domestic and global markets. The consultation will seek input on what is driving China's surging EV exports, including unfair market practices as well as labor and environmental standards. In addition to a surtax, the consultation will consider whethe

Tone and substance

Subtle shifts in the texture of Sino-US ties

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

US blocks 13 ships facilitating illicit trade in support of Iran's military

Iran-backed Houthis have also launched attacks on commercial vessels and US naval assets using Iranian-made UAVs and missiles, according to the US State Department

WTO informal discussions: India opposes plan for dispute categorisation

WTO members have engaged in informal delegate-level discussions since April 2022, initiated by the US, which is seeking consensus on reforms in the dispute settlement system

Red Sea unrest disrupting world's fragile food supply, inflation

If disruptions worsen, they could stall the slump in food-commodity costs that had started to filter through to cheaper grocery bills

Sebi tweaks norms for online resolution of disputes in securities market

Sebi on Wednesday tweaked the framework with respect to online resolution of disputes in the securities market to provide clarity on certain aspects. In its circular, the regulator has provided clarity on the online arbitration process, and arbitrator's fee, among others. The Securities and Exchange Board of India (Sebi) said that the market participant against whom the investor pursues the online arbitration will participate in the arbitration process. Accordingly, within 10 days of the initiation of the online arbitration by the investor, the market participant will make the deposit of 100 per cent of the admissible claim value with the relevant MII (market infrastructure institutions) and make the payment of the fees for online arbitration. Non-adherence to rule by market participants may result in action against them by MIIs or Sebi. In case the market participants plan to pursue online arbitration then they will have to inform the ODR (Online Dispute Resolution) institution .

India should actively raise disputes against WTO incompatible schemes: GTRI

With most of the developed regions like the US and EU have turned protectionist and are taking WTO incompatible measures, India should actively raise trade disputes to counter their steps, think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said for raising disputes, the government would require a professional setup akin to the US Trade Representative and a robust panel of experts as the current set up lacks depth. In June, the US and India agreed to drop six WTO (World Trade Organisation) disputes, encompassing three cases initiated by each. This was possible because India filed several cases against the US, it added. "Most nations, including the US and EU have turned protectionist and implement many WTO incompatible schemes. India need to actively raise disputes against them to counter or later bargain," it said. GTRI Co-Founder Ajay Srivastava said that as the trade protection measures are on the rise in both the EU and the US, "we expect such cases to .

Opaque WTO dispute talks a concern for India, South Africa, and Egypt

The two tier dispute settlement system of WTO involving consultation and adjudication remains non-functional since December 2019

India and European Union likely to resolve ICT dispute by December

In June, they urged the WTO's dispute settlement body to mutually defer an appeal, which was pushed by 180 days - in two tranches of 90 days, each

Dispute settlement reform, agri, e-commerce discussed at 2-day WTO meet

Issues like dispute settlement reform, agriculture, fisheries subsidies and moratorium on customs duties on e-commerce trade figured in the two-day meeting of senior officials of WTO members in Geneva. The meeting concluded on October 24. From India, senior officials, including Additional Secretary in the commerce ministry Peeyush Kumar, participated in the deliberations. According to the chairperson's summary of the meeting, senior officials strongly supported the ongoing informal process on dispute settlement (DS) reform being carried out in Geneva by technical experts. This summary was prepared by WTO Director-General Ngozi Okonjo-Iweala and General Council Chairperson Athaliah Lesiba Molokomme from Botswana. In expressing their political support for DS reform work, senior officials emphasised on the need to focus on addressing the DS challenges with a sense of urgency; and to take into account the dispute settlement interests of all member countries of the World Trade Organisat

India is rapidly resolving trade disputes: What does that mean for the WTO?

The WTO might continue to be the bedrock of the global trading system, but its context in today's era has perhaps changed

India, US settles last trade dispute at WTO over poultry products

India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States. This follows the unprecedented settlement of six outstanding bilateral trade disputes in the WTO in June 2023, the joint statement said. It was issued after the meeting of Prime Minister Narendra Modi and United States President Joseph R Biden, Jr., here. Biden is here to attend the G20 Summit to be held on Saturday and Sunday. Modi and the US President vowed to "deepen and diversify" the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. In their over 50-minute talks, the two leaders deliberated on India's G20

India, US notify WTO about mutually resolving four trade disputes

India and the US have informed the WTO that they have mutually resolved three more trade disputes, in line with the commitment made by the two countries last month. The World Trade Organisation (WTO) has already issued a similar communication on July 17 with regard to one of the six disputes. Notification for the remaining two would also come on the WTO website. The two nations have already communicated to the WTO about mutually resolving all six disputes. In three separate notifications to the WTO, the two countries have asked the Geneva-based body to terminate these disputes. "The parties confirm their agreement that the panel report...may not be adopted by the DSB (dispute settlement body), as through their mutually agreed solution the dispute has been terminated," one of the communications of the WTO said on Tuesday. The six disputes include three initiated by India and as many by the US. These disputes are Indian complaint against the US with regard to the imposition of ...

India, US to end 6 trade disputes at WTO; Delhi to remove customs duties

India and the US have agreed to end six trade disputes at the World Trade Organisation while New Delhi will also remove retaliatory customs duties on 28 American products such as almonds, walnuts, and apples, according to an official statement. This comes amid Prime Minister Narendra Modi's State Visit to the US at the invitation of President Joe Biden and First Lady Jill Biden. In 2018, the US imposed 25 per cent and 10 per cent import duties on certain steel and aluminium products respectively on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products, including chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents. "United States Trade Representative Katherine Tai today announced that the United States and the Republic of India have agreed to terminate six outstanding disputes at the World Trade Organization. India also agreed to remove retaliatory tariffs which it had imposed in response to the .

UK and EU leaders to hold talks amid hope to fix Brexit trade dispute

British Prime Minister Rishi Sunak and European Union leader Ursula von der Leyen are set to hold face-to-face talks, with expectations high they will seal a deal to resolve a thorny post-Brexit trade dispute. That would mark a breakthrough after months of bitter wrangling that has soured UK-EU relations, sparked the collapse of the Belfast-based regional government and and threatened to set back Northern Ireland's decades-old peace process. In a joint statement on Sunday the UK and the EU said European Commission President von der Leyen will travel to Britain on Monday so the leaders can work towards "shared, practical solutions for the range of complex challenges around the Protocol on Ireland and Northern Ireland. Sunak's office set out a tightly choreographed agenda for Monday suggesting a deal is all but done. It said the leaders' lunchtime final talks would be followed by a meeting of the UK Cabinet, then, if there is a deal, by a joint news conference and a statement by Sunak

Right time for India to resolve trade disputes with US

The Biden administration can now move forward to strengthen the WTO dispute settlement process by clearing the way for appointment of requisite number of members to its appellate body

India steadfast in ensuring rule of law as member of Int'l community: Govt

The upholding of international law is central to our diplomacy and in fact our world view, he said

China's irritated trade partners push back on coronavirus food tests

China says it has found the virus on the packaging of products from 20 countries including German pork, Brazilian beef and Indian fish