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Opinion is divided on the issue, with one section of experts and seasoned politicians claiming meritocracy isn't always at play, while another puts the choice down to plain pragmatism

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With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008

The World Trade Organisation (WTO) annual Public Forum 2023 will focus on how trade can contribute to a greener, more sustainable future

New policy is in line with government's priority towards moving from an 'incentive-based regime' to a 'remission and entitlement-based regime', thereby making the policy compliant with WTO rules

New Delhi raised the issue during the recent Trade Policy Review of the USA, seeking clarifications from the US on the ambitious CHIPS Act

Minister of State for Finance Bhagwat Karad, who addressed the inception meeting of the TIWG in Mumbai spoke about the widening gap between developing and developed countries

The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage

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

Global trade "has held up well" in the face of the Russia-Ukraine war, WTO Chief Economist Ralph Ossa said

India has written to WTO raising concerns over selective application of carbon border rules to trade-exposed industries like steel, aluminium, chemicals, plastics, polymers, chemicals and fertilisers

The WTO's 12th ministerial conference in June had decided to reinvigorate the ongoing work programme on e-commerce

India has submitted two papers in the World Trade Organization related to consumer protection and digital infrastructure part of the e-commerce sector to initiate discussion on the subject before deliberating a final agreement, government officials said on Friday. The country wants member countries of Geneva-based WTO to discuss all these issues 'threadbare' before initiating negotiations on binding commitments or rules on the e-commerce sector. Joint Secretary in the commerce ministry Darpan Jain said the e-commerce sector is rapidly growing across the globe and as it has implications on developing and poor nations, it should be discussed in a multilateral setting in WTO and not among a group of countries. At present, a group of 87 countries, mostly developed, are negotiating to frame a pact on e-commerce rules. These two papers, he said "will form a basis for discussion. We have not proposed any rules or any binding obligations". "We are saying that plurilateral discussions have

The World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said the future of trade is in services and it has to be green, digital and inclusive

The department of commerce finalised the new proposed SEZ law and sought inter-ministerial comments in June last year, with an aim to table it in the Monsoon Session of Parliament

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India may take up the matter on the sidelines of the India-US Trade Policy Forum (TPF) in Washington on January 11, a person aware of the matter told Business Standard

World Trade Organization arbitrators concluded Wednesday that the United States was out of line in requiring products from Hong Kong to be labeled as Made in China, a move that was part of Washington's response to a crackdown on pro-democracy protesters there in 2019 and 2020. A WTO dispute panel found the US violated its obligations under the trade body's rules and rejected Washington's argument that U.S. essential security interests allowed for such labeling. The panel said the situation did not pose an emergency that would allow for an exemption under the trade body's rules. The United States or Hong Kong could appeal the ruling to the WTO's appeals court. However, the Appellate Body is currently inactive because the U.S. has almost single-handedly held up appointments of new members to the court amid concerns it had strayed beyond its mandate. As a result, any such appeal would go into an arbitration void and remain unsettled. The United States trade representative's office all