Page 2 - World Trade Organisation

Global supply crunch

Food prices will remain elevated in the near term

India wants WTO to play its role in containing global inflation

The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva

India's exports up 24% to $38 bn in April; trade deficit widens to $20 bn

The preceding month had witnessed record outbound shipments of $42.2 billion

WTO's 12th ministerial conference to take place on June 12-15 in Geneva

The Ministerial Conference (MC) is the highest decision making body of the 164-member Geneva-based multilateral body

War in Ukraine to curb trade and economic growth this year, says WTO

The WTO said its projections for world trade take into account factors like the impact of the war, sanctions on Russia and shrinking worldwide demand amid lower business and consumer confidence

US accuses China of failing to meet its free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organisation and says it is exploring new ways to combat aggressive Chinese trade practices.

Brazil's pioneering solution to vaccine shortages

The world is not making as many vaccines as it could

WTO needs to reassess the way it conducts its affairs, says Piyush Goyal

"The developed world must give the developing world the policy space to develop their economies and meet the needs of billions of people in this interconnected world," he said

Key role for WTO to meet emission targets

The 12th Ministerial Conference of WTO is scheduled to start at Geneva from the end of this month

Can't guarantee India's concerns will be addressed, says WTO D-G

But assures the long-standing issue of farm, fisheries subsidies will be heard at ministerial

Commerce and Industry minister Goyal reiterates call for IPR waiver at WTO

The TRIPS agreement came into effect in January 1995

WTO estimates global merchandise trade volume growth at 10.8% in 2021

Growth should moderate as merchandise trade approaches its pre-pandemic long-run trend: WTO

Global services trade remains below pre-Covid levels, says WTO

Global services purchasing managers' index (102.7) and financial services (100.2) indices indicated that the pace of growth has slowed down.

India among WTO's 5 member nations to produce 75% of world's Covid vaccines

Five member states of WTO alone will account for three-quarters of the entire global output of Covid-19 vaccines this year, said Director-General Ngozi Okonjo-Iweala

USTR to join WTO negotiations on domestic services regulations

USTR said in a statement that the WTO Joint Statement Initiative on Services Domestic Regulation is an opportunity to improve the transparency and fairness of processes for obtaining overseas licenses

WTO chief seeks to wrap up fish talks as developing countries cry foul

The virtual conference in Geneva, the first meeting of WTO trade ministers since 2017, aims - after 20 years of talks - to fix rules to curb harmful subsidies that lead to overfishing.

WTO members to intensify talks on patent waiver for Covid drugs, vaccines

India, in last informal meeting of TRIPS Council, had urged all members to begin text-based negotiations on the waiver proposal

Hoping for quick resolution on TRIPS waiver for Covid jabs at WTO: Goyal

Commerce & industry minister urges countries to share vaccines liberally with those in dire need of them

US support for Covid patent waiver will push WTO talks, says WTO chief

A United States' proposal to discuss waiving patent protections for Covid-19 vaccines will intensify talks on the issue within the World Trade Organisation, says the WTO director-general

Patent waiver in WTO to enable timely availability of Covid vaccines: Govt

India said temporary waiver of certain provisions of intellectual property rights under a WTO agreement would be an important step to enable scaling up of Covid-19 vaccines manufacturing