Declines in tobacco use amongst males mark a turning point in the fight against tobacco, says WTO
The EU launched a complaint at the WTO in late November over Indonesian curbs on nickel ore exports and hit Indonesian biodiesel with tariffs last week
The appellate branch of the WTO's Dispute Settlement Body, sometimes called the supreme court of world trade, will stop functioning on Wednesday after years of relentless US opposition
The US has stalled appointments of members in the appellate body of WTO's dispute settlement system.
The decision came after talks ran late into Monday evening, two trade officials said
A US offensive against the World Trade Organization will effectively shutter the group's system for settling disputes, at a time it's most needed
India will suffer from US' subversion of WTO courts
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
Since its inception in 1995, the WTO dispute settlement mechanism has resolved an impressive number of trade disputes
India has contested that it should be given an eight-year phase-out period as was available to other developing countries
Dispute settlement mechanism will break down as the 7-member appellate body becomes defunct on Dec 10
Its latest quarterly barometer showed growth in global merchandise trade rose by 0.2% in the second quarter of this year against 3.5% in same period of 2018
"We recommend that the United States bring its measures into conformity with its obligations," the ruling said
The damages awarded, in a document released Friday on the Geneva-based organizations' website, are the third highest in WTO history.
Exporters can rest assured that there is no threat to the Advance Authorisation Scheme, Duty Drawback Scheme and four specified entries under DFIS.
In the WTO ruling, a three-member arbitration panel said Chinese exporters suffered impairment to trade valued at $3.579 billion annually
Data by the commerce and industry ministry showed production in coal, crude oil, natural gas, refinery products, steel, cement, and electricity declined in September
The panel largely agreed with US claims challenging export subsidies granted in the form of exemptions from customs duties and a national tax, while rejecting some US arguments
They have also submitted fresh questions on the validity of the steps taken by India under global trade rules and asked New Delhi to justify the restrictions under the WTO rules
The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan