The country’s statement comes after a group of 117 members including India sought to start the selection processes for filling six vacancies in the appellate body that will not have a quorum to review new trade dispute appeals after December 10 when the second terms of two members expire. There are four existing vacancies in the panel.
Based on a complaint by the US, a World Trade Organisation (WTO) panel has determined that India’s export subsidies are inconsistent with WTO requirements. India has appealed against the decision.
Mnuchin also insisted that America has no problem if countries want to have local data for regulatory purposes as long as they do not eliminate it outside the country.
The new bridge - part of the East-West Economic Corridor between Thailand and Myanmar that opened a few weeks ago will give Cambodia, Laos, Myanmar, Thailand and Vietnam access to the vast Indian market and reduce heavy reliance on China, ET has learnt.
Amidst onion crisis in the country, fresh loads of imported onions from Turkey reached in Mangaluru on December 04. To control the rising prices, the government is importing 11,000 tonnes from Turkey. Onion prices remain high across the major cities of the country.
The world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products.
The prime minister accepted the invitation of the European Commission president to visit Brussels for the next India-EU Summit, a statement issued by the Prime Minister's Office said. Modi said that von der Leyen's leadership of the commission had special significance since she was its first woman president.
Departments are looking into suggestions of waiving the requirement for global tender for government procurement in sectors where it thinks there is sufficient domestic capacity to execute a contract. The moves are part of the government’s thrust to ‘Make-in-India’ scheme, for which it has been working on ways to discourage imports.
The MMTC is arranging imports of onions from various countries, including Turkey. The MMTC had earlier signed an import deal for 6,900 tonnes from Egypt, and this consignment is expected to reach here in the next 10 days, and help to moderate prices once it is in the market. The retain price of onion in Delhi-NCR on Sunday was Rs 80-120 per kg.
"All the 16 leaders are working to resolve issues related to India on RCEP in a satisfactory way," Atsushi Kaifu, Deputy Press Secretary in the Japanese Ministry of Foreign Affairs said here. His comments came a day after India and Japan held their first foreign and defence ministerial talks to further strengthen strategic ties.
After years of negotiations, India last month pulled out of the proposed RCEP over unresolved "core concerns" at a summit meeting of the participating countries, saying the proposed pact in its current form would have adverse impact on lives and livelihoods of all Indians.
Prime Minister Narendra Modi is ready to bite the bullet and because of that India decided to walk out from the mega free trade pact Regional Comprehensive Economic Partnership (RCEP) as the concerns of India was not addressed, Goyal said.
India has committed assistance of Rs. 4500 Crore for implementation of development projects and Rs. 400 Crore for transitional Trade Support Facility during Bhutan’s 12th Five Year Plan (2018 - 2023). 51 large and intermediate projects and 359 SDPs/HICPDs are at various stages of implementation under the 12th Five Year Plan.
The survey tried to answer three burning questions in front of the global sugar industry, which include the anticipated Indian sugar production during 2019/ 20, the anticipated exports from country and anticipated sugar production of Thailand.
“Regular consultations with the concerned line ministries / departments and other stakeholder’s bodies is a part of the ongoing discussions,” he said in a written reply to a question on bilateral trade negotiations with the US in Rajya Sabha. The minister said that trade related issues are discussed as a part of any ongoing economic relationship.
"We have already initiated dialogue with ASEAN countries and I am happy to share with the House that ASEAN has agreed for a review of the FTA. We will take up various issues in the review and then we will report to the House," he told the House. He also said the Coffee Board is trying to develop an Indian brand of coffee .
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