The proposal seeks to temporarily lift certain intellectual property barriers and allow countries to locally manufacture Covid-19 diagnostics and vaccines
Harris spoke over phone with Director General of World Trade Organization Ngozi Okonjo-Iweala during which they discussed the need for reforms within the WTO
India said one cannot continue to engage in endless discussions when millions of lives are lost to the pandemic
The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS came into effect in January 1995
ressure on the World Trade Organisation (WTO) is mounting to seriously consider a proposal by India and South Africa for Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver
Okonjo-Iweala's extensive professional experience and strong international standing will help her solve the urgent challenges facing the WTO
The former Nigerian finance minister and senior World Bank executive was appointed on Monday in a consensus process and starts her new job on March 1
A self-declared "doer" with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work cut out for her at the trade body
The two sides have been locked in a 16-year-old dispute at the Geneva-based WTO over aid to their aircraft industries in a pair of cases that together represent the world's largest corporate dispute
World Trade Organisation panel ruled that Trump administration tariffs on $200 billion worth of Chinese goods are illegal
The domestic industry has suffered material injury due to dumping of the product by these nations, according to a notification of DGTR
China's entry into the World Trade Organisation is the "worst of all deals" said US President Donald Trump on Thursday."China's entry into the World Trade Organisation which is probably the worst of all the deals, if you want to know the truth...They violated the rules like nobody had ever violated it before," Trump said at the Whirlpool Corporation Manufacturing Plant in Ohio."In the past, politicians have aggressively pursued a policy of globalisation, moving our jobs, wealth and our factories overseas. Globalisation has made the elites who donate to politicians wealthy and has left nothing for our workers expect for poverty and heartache," he added.Further calling China a developing nation, the US President said that they had advantages "but we did not accept them".Previously in January, Trump said that US has not been "treated fairly" by the World Trade Organisation (WTO), which considered China and India as developing nations."The World Trade Organisation has been very unfair to
State government to procure 10,000 vials for Rs 12 crore
The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.
Brazilian Roberto Azevedo, 62, has been director-general at the Geneva-based trade body since 2013 and was on a second term of office due to conclude at the end of August 2021
The pandemic adds a major blow to an industry reeling from a toxic combination of geopolitical tensions, trade restrictions and natural disasters in 2019
Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.
On the World Trade Organization's (WTO) appellate body for dispute settlement, he said early restoration of the full strength of the body will help in realising the objectives of the WTO
The decision came after talks ran late into Monday evening, two trade officials said
India has contested that it should be given an eight-year phase-out period as was available to other developing countries