Page 10 - World Trade Organization

World Coronavirus Dispatch: WTO sees merchandise trade falling 9.2% in 2020

UK house prices jump most since 2016, German industrial output drops as virus spreads, Czech Republic is top Europe hotspot, and other pandemic-related news across the globe

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.

Women lead race to head WTO amid rising protectionism, deep recession

A final decision is expected later this year, possibly after the US election in November

World commercial services trade shows resilience despite momentum loss: WTO

4.3 per cent dip in services trade in first quarter of 2020 was not as much as earlier anticipated

Strengthening India's trade policy

Greater trade with ASEAN will be supportive of the prime ministerial call for greater Indian manufacturing for world markets

Global services trade affected by Covid-induced travel curbs: WTO report

With the limited exception of individuals working in "essential" sectors, all such trade that relies on the cross-border movement of individuals has effectively come to a halt

Govt extends anti-dumping duty on caustic soda from China, Korea for 3 mths

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

Women likely to be harder hit than men by trade disruptions: WTO report

Women are likely to be harder hit than men by trade disruptions caused by the Covid-19 pandemic and the dangers are particularly acute in developing countries

Race for WTO chief heats up: India spells out terms for its support

The country will back candidates in favour of having a global trade facilitation pact for services, ensuring food security in poorer nations, and committing to talks on developmental issues

China, India got richer but refused to take responsibilities: US Senator

Senator Chuck Grassley, Chairman of the powerful Senate Finance Committee, made the comments during a Congressional hearing on WTO

ICT tariff case: WTO accepts Chinese Taipei, Japan requests against India

According to the trade dispute norms of WTO, if a request comes for the second time, the panel is formed

Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules

It emphasised that the levy was applicable prospectively, and could not be said to have 'extra-territorial' application

'Duty-free' hits a fifth of manufacturing imports, says WTO report

This, despite average tariffs being much higher than peers, says WTO report; officials call for need to scrutinise FTAs

From Mexico to Moldova, eight vie for top WTO job as global tensions rise

The others are from Britain, Mexico, Moldova, Saudi Arabia and South Korea

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

New rules of the game

Govt needs coherent China strategy

G20 nations imposed 59 import-restrictive measures in 7 months: WTO

Tariff increases, import bans, stricter customs procedures, export duties and other such measures introduced during the review period affected 2.8 per cent of G20 trade

Self-reliance and supply chains

India needs to focus on manufacturing competitiveness, rather than building domestic supply chains in their entirety

Global trade volume estimated to contract 18.5% in Q2 of 2020: WTO

International trade volume shrank 3% in Q1, annual forecast close to 13% fall

India initiates probe into alleged dumping of aluminium foil from 4 nations

The applicants have alleged that dumping has impacted the industry and has requested for imposition of the anti-dumping duty on the imports