Tag: WTO

New Delhi may not join interim arrangement to replace appellate body at WTO

India is unlikely to strike bilateral deals with World Trade Organization (WTO) members such as the European Union (EU) and Canada. The deal aims to work out an interim arrangement to preserve the dispute settlement function of the multilateral body by agreeing to set up arbitration panels to resolve disputes. The Appellate body considered the… Continue reading New Delhi may not join interim arrangement to replace appellate body at WTO

India warns WTO’s appeals body may collapse

India has warned of the collapse of the World Trade Organization’s (WTO) Appellate Body. This statement came as the US has repeatedly blocked the selection complaining the Appellate Body failed to follow the rules in the Dispute Settlement Understanding. The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of… Continue reading India warns WTO’s appeals body may collapse

Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy

Brazil,Australia and Guatemala’s has requested World Trade Organization (WTO) to set up a Dispute settlement panel(DSB) against India’s sugar subsidies. The countries have said that most subsidies to sugar producers in India violate WTO rules.Several subsidies such as the State-level export subsidies for sugar,Central assistance and export incentives were inconsistent with the WTO rules. The… Continue reading Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy

US drags India to WTO over duty hike on 28 American goods

The US has dragged India to the World Trade Organization(WTO) for according less favorable treatment to its products. India had levied higher tariffs on American products in response to the US imposing a global additional tariff of 25% and 10% on import of steel and aluminium product respectively. The US has said that the additional… Continue reading US drags India to WTO over duty hike on 28 American goods

India beats U.S. at WTO in renewable energy case

India has won a major trade dispute against the United States at the World Trade Organization(WTO). The WTO dispute resolution panel has ruled that US domestic content requirements and subsidies provided by eight of its states in the renewable energy sector are violative of global trade norms. The panel concluded in its ruling that the… Continue reading India beats U.S. at WTO in renewable energy case

Delhi offers blueprint to promote development, inclusivity at WTO

India has offered a blueprint for promoting development and inclusivity at the World Trade Organization(WTO).It has emphasized that resolving the crisis at its highest adjudicating body must be a top priority. The WTO Appellate Body which is an intergovernmental dispute settlement system for resolving and enforcing global trade rules will become dysfunctional from 11 December,2019… Continue reading Delhi offers blueprint to promote development, inclusivity at WTO

Exports growth slides to four-month low in April

According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s export growth has also slowed down to a four month low in April,2019 at 0.64% due to slowdown in labour-intensive sectors such as leather products,… Continue reading Exports growth slides to four-month low in April

India seeks to push reforms,development agenda at WTO

India will be hosting the second informal meeting of trade ministers from about 20 member nations of the World Trade Organization (WTO) on May 13,2019. This meeting assumes significance as several countries are raising questions over the relevance of the WTO.Many countries are also taking protectionist measures which is impacting the global trade. However,India has… Continue reading India seeks to push reforms,development agenda at WTO

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