Trump, Merkel and Imran to visit WEF at Davos
The World Economic Forum Annual Meeting 2020, taking place on January 20-24, will focus on establishing stakeholder capitalism as a way of addressing the world's greatest challenges, from societal divisions created by income inequality and political polarization to the climate crisis we face today, the Geneva-based International organisation for public-private partnership has said.
Commerce minister Piyush Goyal to lead Indian delegation to WEF 2020 in Davos
Goyal will also participate in an informal WTO Ministerial gath...
DGTR initiated 34 anti-dumping probe during Apr-Dec 2019: Commerce Ministry
The Directorate General of Trade Remedies is an investigation arm...
SEZ eligibility may now depend on new jobs, R&D and not forex
The commerce department has proposed to replace the positive net foreign exchange (NFE), a primary requirement for SEZ units, with the new eligibility criteria in the wake of the extant SEZ policy being challenged in the World Trade Organisation (WTO), and a panel led by industrialist Baba Kalyani suggesting a revamp of the policy, officials aware of the development said.
Government may impose anti-dumping duty on a medicine from China
DGTR in a notification said that on the basis of the prima facie evidence submitted by the domestic industry about dumping of the product originating in or exported from China, "the authority, hereby, initiates an investigation".
Tariff war: WTO sets up dispute panel over India's duty hike on 28 American goods
The US in July had dragged India to the WTO by filing a complaint against New Delhi's move to increase customs duties, alleging the decision as inconsistent with the global trade norms. According to a communication of the Geneva-based WTO, the dispute settlement body has established a panel "to examine the matter referred by the US".
‘Geriatric Powers’ maintain global status quo: Russia
Dr. Victoria Panova of the BRICS Russia Organising Committee Expert Council told that the fundamental objective of BRICS was a multipolar, multi-civilisational world order revolving around the UN principles. But the western powers, or what she described ‘Geriatric Powers’, are trying to maintain status quo.
We are still a player in search for identity: Josep Borrell
Borell acknowledged the fact that the EU is “facing a nationalist and populist comeback” that is threatening the foundations of a “multilateral rules based order” espoused by the EU. To address the rise of such authoritarian regimes, Borell made a call towards taking onus for shaping the future world order.
China's Vice Premier Liu He to sign US trade deal in Washington next week
U.S. President Donald Trump said on Dec 31 that the Phase 1 deal with China would be signed on Jan 15 at the White House. Trump also said he would sign the deal with "high-level representatives of China," and that he would later travel to Beijing to begin talks on the next phase.
View: The upcoming Budget and other moves will bring the economy back on track
It is time for commentators on the economy to offer their wish lists of reforms to the finance minister.
WTO's appellate body becomes dysfunctional
WTO Director-General Roberto Azevedo told a meeting of the full WTO membership on Monday that he would launch more intensive, high-level consultations on how to resolve the longstanding impasse over the appointment of appellate body members.
Telcos ask finance ministry to clarify on import duty for routers
Increasing basic customs duties on tech products such as routers listed under (the rechristened) ITA-1, he said, would hit expansion of 4G networks, prevent cost-effective deployment of the upcoming 5G ecosystem and make mobile broadband services unaffordable to users.
Exports to rebound in 2020 but growth to remain subdued
Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products, which constitute 13.42 per cent of overall outward shipments.
Setback for India as WTO extends nil tax on e-transmissions
As per an UNCTAD study, India’s potential loss of revenue by not taxing electronic transmissions is around $500 million every year. Of the total $8 billion of potential tax losses projected for 58 developing countries, Mexico, Thailand, Nigeria, India, China and Pakistan face the highest losses, revealed the research paper.
India starts probe into alleged dumping of chemical from China
Prima Chemicals had filed an application before the Directorate General of Trade Remedies (DGTR) for investigation of anti-dumping duty concerning imports of "1-Phenyl-3-Methyl-5-Pyrazolone" exported from China.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service