World Trade Organisation

Germany, Spain, France, Netherlands, and Italy pulled out of the Energy Charter Treaty last year to stave off the ISDS mechanism

The World Trade Organization (WTO) has also painted a grim picture for the outlook of global trade next year amid fears of a recession

The members had expressed concern with India's "lack of full transparency" in taking recourse to the Bali Decision as well as in replies to certain questions raised in the Agri Committee

The objective of building dedicated units in the FTA areas is to enable India to negotiate deals with other nations at the World Trade Organization from a position of strength

The World Trade Organisation is predicting global trade volumes will grow a lackluster 1% next year as crises and challenges weigh on markets, including high energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic. The Geneva-based trade body said Wednesday that the amount of goods shipped between countries are expected to rise 3.5% this year, up from the 3% that WTO anticipated in its first forecast for the year in April. In 2023, the prediction is for such trade volumes to grow just 1%, down from the 3.4% expected previously. The risks are certainly to the downside next year, WTO Director-General Ngozi Okonjo-Iweala told reporters at its headquarters. This year, the higher predicted increase in trade volumes stems from better data that arrived in the middle of the year, contributing to a clearer forecast, and a boom in trade volumes from oil- and gas-producing countries in the Middle East as supplies from Russ

Group tours at 65-70% of pre-pandemic levels; Southeast Asia, Egypt, and Turkey seeing maximum demand

Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy

The terms of reference for engagements shall include the functions to be performed and the outputs to be delivered

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

A group of US lawmakers have urged President Joe Biden to file a formal request for consultations with India at the World Trade Organisation (WTO) over its "dangerous trade-distorting practices"

The current practice of not imposing Customs duties on electronic transmission will continue till the next ministerial conference (MC13) to be held towards the end of December 2023

Global tech companies are again bracing for a battle with Indian telecom companies, and this time it is over delicensing of the valuable 6-GHz band (5925-7125 MHz).

Ministers from 100 countries are gathering at WTO's headquarters in Geneva this week to discuss international trade talks

The conference was initially scheduled to close on Wednesday and is now extended till June 16

The meet takes place under the shadow of global inflation, supply chain disruptions, lingering pandemic, slowing growth momentum, and the Russia-Ukraine war

Director General Okonjo Iweala Ngozi warns of a 'bumpy road' to consensus on even one-two deliverables

Goyal stressed that the decision related to the public stockholding and special safeguard mechanism are the key areas of concern for the developing nations

The WTO chief insisted that trade has lifted 1 billion people out of poverty, but poorer countries - and poor people in richer ones - are often left behind

'We want to support less developed, friendly and neighbouring countries to the extent we can'

The current draft is unfairly constraining the less developed nations that don't have the capacity and resources to support their industry and farmers