Page 12 - World Trade Organization

Data Protection Bill may face WTO hurdle as industry holds its breath

The Bill has been in the works since the past one and half years. A draft of the Personal Data Protection Bill had been made public by the ministry of electronics and information technology

Global goods growth in Q4 to remain below trend over rising tariffs: WTO

Its latest quarterly barometer showed growth in global merchandise trade rose by 0.2% in the second quarter of this year against 3.5% in same period of 2018

Darkening clouds: Govt denial, inadequate response are not helping economy

If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan

WTO panel rejects India's arguments

Exporters can rest assured that there is no threat to the Advance Authorisation Scheme, Duty Drawback Scheme and four specified entries under DFIS.

WTO panel upholds US case, rules India's export subsidies illegal

The panel largely agreed with US claims challenging export subsidies granted in the form of exemptions from customs duties and a national tax, while rejecting some US arguments

India must take a leaf out of China's book and prepare its economy for RCEP

The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan

WTO cuts global trade growth forecasts for 2019 to 1.2% amid slowdown

It added that the global trade growth is projected to grow at 2.7 per cent in 2020, down from the previous projection of 3 per cent

Trade remedies to be amended to protect, strengthen domestic industry

The draft amendments are likely to be notified soon by the revenue department after legal vetting

Making rebates WTO-compatible

Under RoSCTL, except for some items containing cotton, the rates are between 1.7 and 3.6 per cent of the FOB value of export

Trade war: China drags US to WTO, says latest tariffs violate consensus

Many experts also decry China's decision to fight fire with fire, by imposing tariffs on US goods imported into China, also without the WTO's approval

China hits back after Trump's outburst against 'developing nation' tag

Donald Trump has ordered his top trade negotiator to pressure the World Trade Organization to crack down on some economies that declared themselves as such

Brazil wants WTO to form dispute panel in sugar subsidy case against India

Brazil has alleged that in recent years, India has massively increased the level of domestic support under its support regime for sugarcane and sugar

Protect special benefits for developing nations at WTO: Industry

These rules allow poor and developing nations to enjoy special provisions such as a longer time period to implement agreements and commitments, and clauses to safeguard their trade interests

25 WTO members to come out with declaration on critical issues in New Delhi

The meeting of 25 WTO member countries on May 13-14 here is expected to come out with a declaration on critical issues including 'special and differential treatment' for developing nations and impasse over the appointment of members to the appellate body of dispute settlement, sources said. The other issues that could figure in the meeting include fishery subsidies and public stockholding in agriculture, they said. India has convened a meeting of 25 developing member nations of the World Trade Organisation (WTO) on May 13-14 here. The meet assumes significance as several countries are raising questions over the relevance of the Geneva-based global trade body. Many countries are also taking protectionist measures, impacting global trade. "The idea of the meeting is to discuss these matters in detail and 'special and differential treatment' (S&D) is the core issue which would be deliberated upon," one of the sources said. As part of reforms at the WTO, the US wants the formulation .

Another storm brewing

Indian negotiators at WTO need to push harder

US proposes a WTO reform to halt handouts for big and rich states

Most of the WTO's 164 members claim to be developing, including major trading powers like China and India and some of the richest countries in the world

Left behind

India missing out in shaping 21st-century trading norms

WTO chief has never talked to Trump, but agrees trade reforms are needed

He explained that the vast majority of job losses that have driven some of the anti-trade sentiment are actually caused by technology rather than imports

World trade system, including WTO, not perfect, needs reform: China

The basic tenets of the WTO, in opposing protectionism and supporting free trade should not change, Chinese State Councillor Wang Yi said

WTO members applied 75 new trade measures from 2017 to mid-May 2018: Report

WTO DG Roberto Azevedo said the number reflects that "we are heading in the wrong direction, and we seem to be speeding up"