Page 10 - Wto
WTO reforms have to factor in interests of all, says Suresh Prabhu
"WTO's reforms have to take into account the interests of all members. It has to come out with a forward-looking agenda in an inclusive manner," Prabhu said
 "WTO reforms have to factor in interests of all, says Suresh Prabhu")
WTO head Roberto Azevedo calls virtual meet, likely to step down: Report
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
 "WTO head Roberto Azevedo calls virtual meet, likely to step down: Report")
Covid-19 impact: International tourism may decline by 60-80% in 2020
This places millions of livelihoods at risk and threatens to roll back progress made in advancing the Sustainable Development Goals
 "Covid-19 impact: International tourism may decline by 60-80% in 2020")
No valid basis for EU tariffs in Boeing-Airbus subsidy dispute: US to WTO
The WTO has found the world's two largest planemakers received billions of dollars of unfair subsidies in a pair of cases dating back to 2004
 "No valid basis for EU tariffs in Boeing-Airbus subsidy dispute: US to WTO")
WTO panel report on India sugar subsidy case may not come before Q2, 2021
In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules
 "WTO panel report on India sugar subsidy case may not come before Q2, 2021")
Global trade may plummet between 13% to 32%, WTO sees 'ugly' numbers
'These numbers are ugly - there is no getting around that,' World Trade Organisation Director-General Roberto Azevedo said
 "Global trade may plummet between 13% to 32%, WTO sees 'ugly' numbers")
Need for non-economic globalisation: Lessons from the Coronavirus pandemic
While the post World War II global order has successfully promoted trade openness and free markets, it has failed on non-economic metrics such as climate change and health
 "Need for non-economic globalisation: Lessons from the Coronavirus pandemic")
India not obliged to accept WTO panel's report on export schemes: Govt
India is involved in 15 disputes at the WTO, mostly against the US: Minister tells Parliament.
 "India not obliged to accept WTO panel's report on export schemes: Govt")
WTO-compliant remission of tax scheme for exporters gets canbinet nod
Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.
 "WTO-compliant remission of tax scheme for exporters gets canbinet nod")
Govt approves tax reimbursement scheme for exporters, MEIS to be phased out
These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not exempt or refunded under any other existing mechanism.
Beyond green shoots: How to ensure speed and quality of economic recovery
Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan
Decline in global merchandise trade volumes to continue for now: WTO
Situation to worsen as estimates don't take into account coronavirus outbreak
 "Decline in global merchandise trade volumes to continue for now: WTO")
India for elimination of trade-distorting subsidies on agriculture in WTO
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
 "India for elimination of trade-distorting subsidies on agriculture in WTO")
A radical reset for the Indian economy
Reset, thus, is not much of a reset as much as setting of the lines of sound policies for the govt to adopt, once the extravagant bits are edited out
 "A radical reset for the Indian economy")
EU, 16 WTO members sign pact to develop interim appeal arrangement
This initiative was launched in mid-December 2019 by the EU and a number of other WTO members following the effective paralysis of the WTO Appellate Body
 "EU, 16 WTO members sign pact to develop interim appeal arrangement")
Promote oilseed production
Curbs on Malaysian palm oil import present a good opportunity
 "Promote oilseed production")
US, Japan and European Union seek stronger global rules on subsidies
The governments called on the World Trade Organization to beef up existing regulations, which they said in a statement are "insufficient to tackle market and trade distorting subsidisation
 "US, Japan and European Union seek stronger global rules on subsidies")
The darkening sky
Shadows of the events in 2019 will loom large over the world and India
 "The darkening sky")
Top headlines: US attack on Soleimani to hit India, Tata moves SC, and more
Ratan Tata has also filed a petition in the Supreme Court appealing it to set aside the NCLAT order which restored former Tata group chairman, Cyrus Mistry as Executive Chairman
 "Top headlines: US attack on Soleimani to hit India, Tata moves SC, and more")
Govt to retain exports scheme till March after WTO asked for its scrapping
The government had decided to discontinue MEIS--its largest export promotion scheme--after the WTO said it distorted trade.
 "Govt to retain exports scheme till March after WTO asked for its scrapping")
