Page 3 - World Trade Organization

WTO members commend India for improving trade policies in inclusive manner

World Trade Organization's members commended steps taken by India to improve trade and economic policies in a more inclusive and sustainable manner

The World Trade Organisation is having a midlife crisis

Fixing the global trading system means first coming to grips with why it is broken

Scott Morrison says China would breach WTO rules if it bans Australian coal

Australia's prime minister said Tuesday that China would be in breach of World Trade Organization rules as well as a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was responding to a report in the Chinese state-owned Global Times newspaper that the Chinese National Development and Reform Commission had given power plants approval to import coal without restrictions except for Australian coal. Morrison said he was treating the report as media speculation because the Chinese government had yet to clarify its position. If that were the case, then that would obviously be in breach of WTO rules, Morrison told reporters. It would be obviously in breach of our on free trade agreement and so we would hope that's certainly not the case." Coal and iron ore are Australia's most lucrative exports. But Australian exports appear to have suffered due to deteriorating bilateral relations since Australia called for an independent inquiry into the ...

Suspending IP rights is the way to go if world wants Covid-19 vaccine fast

Otherwise, there won't be enough shots to go around, even in rich countries

Friends of the US ought to help Joe Biden succeed: Bloomberg editors

US partners should coordinate new efforts to strengthen their joint military capabilities, much as Japan has been doing with Australia, India and key Southeast Asian nations

India-US trade: Joe Biden holds key to improved bilateral relations

Also, Biden is expected to soften the stance on Iran, which may mean India may be able to resume buying oil from the West Asian nation, say experts

Hong Kong launches legal suit against US at WTO over 'Made in China' label

The city retains separate representation at the global trade body and has a separate customs jurisdiction from mainland China.

In a first, World Trade Organization to be led by a woman in 25 years

The previous WTO director-general, Roberto Azevedo of Brazil, made a surprise announcement in May that he would leave the job a year early, citing a "personal decision."

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