World Trade Organization Wto

India stands firm at WTO: Our food subsidies ensure global food security

Under the trade norms, a WTO member's food subsidy bill should not breach the limit of 10 per cent of the value of production

India's merchandise trade crosses the $1-trillion mark in 2022

Outbound shipments grew 13.7 per cent year-on-year (YoY) in 2022, while imports rose by 21 per cent, commerce and industry ministry's data showed

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

WTO discusses India's call for holding virtual meet on pandemic response

The WTO's General Council has discussed India's call to convene a virtual ministerial meeting on the World Trade Organisation's response to the COVID-19 pandemic, including the patent waiver proposal. India on December 23, 2021 sent a letter to the General Council Chair to hold a virtual ministerial meeting on the response of WTO (World Trade Organisation) to the pandemic, including the proposal to waive certain provisions of the TRIPS agreement for COVID-19-related vaccines, therapeutics, and diagnostics. On January 10, the General Council Chair Ambassador Dacio Castillo (Honduras) convened a meeting to discuss the World Trade Organisation's response to the COVID-19 pandemic, WTO said in a statement. After the meeting, Castillo said he would continue to hold consultations with members on the Indian proposal, underlining "the urgency and importance of reaching a meaningful outcome." A common WTO response to COVID-19 "remains an urgent priority for the membership," he said. WTO ...

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines

WTO panel tells India to comply with trade rules on sugar

In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules by providing excessive domestic support and export subsidies for sugar and sugarcane

Reforming global trade rules is tough but doable, says WTO chief

GENEVA (Reuters) -The head of the World Trade Organization stressed the importance of reforming the global trade body to prevent further trade wars but warned it would be "very tough" amid high geopolitical tensions.

Hopes from India's free trade deals need not be high

Globally, there are over 350 Preferential Trade Agreem­e­n­ts (PTAs) or Free Trade Agre­e­ments (FTAs) or Regional Trade Agreements (RTAs). Most of them are defunct

India to pitch for permanent solution for food security at WTO: Official

Finding a permanent solution to the public food stockpile issue is linked to the survival of 800 million hungry people across the globe.

European nations not supporting TRIPS waiver move to deal with Covid: Goyal

Unfortunate that some countries putting profits over prudence, said Piyush Goyal on TRIPS waiver proposal

Vaccine economics: Only pros, no cons

Vaccines are an amazing deal. Use the market to deliver more, more quickly

G7's Cornwall rendezvous

The group's relevance was tested again

Inheritance of ideas

In the midst of a raging debate over IP rights, the million-dollar question is who owns the vaccine? Is it the pharma firms, the country origin, the university they are developed in or the people?

Piyush Goyal for removal of Covid-19 vaccine production barriers

Last year, India and S Africa, along with 57 other WTO members proposed a temporary waiver from certain provisions of the TRIPS agreement relevant to the prevention, treatment and containment of Covid

World trade body chief says vaccine inequity 'unacceptable'

The head of the World Trade Organization called Thursday for expanded capability in developing countries to manufacture vaccines

This year's outlook on services trade uncertain amid Covid-19: WTO

WTO's Services Trade Barometer rose sharply to 104.7 during Oct-Dec 2020, higher than the baseline value of 100 and well above the low of 91.2 seen earlier due to the economic fallout of the pandemic

Dealing with tariff complaints

WTO's India review shows protectionism has alienated partners

115 MPs of European Parliament back India's Covid vaccine proposal at WTO

Goyal says India's proposal getting widespread support