WTO Meeting

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

India has been able to secure a favourable outcome at the WTO after many years, despite a strong global campaign against its farmers & fishermen, Commerce & Industry Minister Piyush Goyal, after the conclusion of the WTO's 12th Ministerial Conference in Geneva.

At one stage, a series of demands from India appeared set to paralyse talks but accommodations were found, trade sources said

India reiterated Commerce Minister Piyush Goyal's view that any WTO vaccine agreement must also waive IP rights for Covid-19 diagnostic tests and therapeutic drugs, according to the readout

Despite making all the correct noises, the WTO members have failed to walk the talk as evident in divergent positions on food security

Members of the World Trade Organisation (WTO) has agreed to hold their 12th Ministerial Conference (MC12) during the week of June 13 in Geneva, the organisation said.

She said there is a lot of work to be done in order to strengthen the trading systems

WTO members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021

A meeting of the WTO's Dispute Settlement Body (DSB) last week was the last chance for nations to break the more than two-year-long deadlock but saw both sides dig into their positions, sources said

Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners

Countries in the Delhi meeting recognised the serious threat posed to the credibility of the WTO rules and principles