WORLD TRADE ORGANIZATION
Taiwan seeks formation of WTO dispute panel in case against India's import duties on ICT products
Separate customs territory of Taiwan, Penghu, Kinmen and Matsu had filed a case against India, September last year, over imposition of import duties by India on certain ICT products, including telephones for cellular networks.
Coronavirus outbreak: Commerce ministry sets up help desk to resolve import, export issues
The commerce ministry on Thursday said it has set ...
WTO sees sharp fall in trade, calls for global solutions to tackle COVID-19 crisis
WTO Director-General Roberto Azevedo said cross-border tra...
India under no obligation to implement WTO's dispute panel recommendations on export schemes: Goyal
A dispute settlement panel of World Trade Organization (WTO) in its report issued to members on 31 October 2019 has ruled that India's export-related schemes (including SEZ scheme) are in the nature of prohibited subsidies under the Agreement on Subsidies and Countervailing Measures and are inconsistent with WTO norms.
Cabinet approves RoDTEP scheme to reimburse taxes, duties paid by exporters
The scheme comes at a time when India’s exports declined for the sixth month in a row in January and face uncertainty due to the spread of the novel Coronavirus. India’s exports were $265.26 billion in the April-January period, a 1.93% decline on-year. The country had clocked $331 billion of exports in 2018-19.
India calls US move on duty probe relaxation unfair
India was delisted on account of it being a G-20 member and having a share of 0.5% or more of world trade.
WTO focus on trade benefits to developing nations at key meet
Special and differential treatment for developing countries like India will figure prominently in the World Trade Organization’s (WTO) 12th Ministerial Conference meet in June in Kazakhstan, an official said.
India to block EU’s WTO panel request
The EU initiated dispute proceedings last year alleging India levied excess tariffs than what it had committed to in its tariff schedule at the WTO for products including electronic transformers, telephone sets, particularly cell phones, transmission apparatus for radio or television broadcasting and electronic integrated circuits.
India urges European Union to reduce non-tariff barriers on food
India insists maximum residue level limits on some food products are much higher than those set by standard setting agencies such as CODEX; $40.7 billion exports till Dec 2019.
WTO, WCO chiefs pledge joint efforts to facilitate trade in essential goods
World Trade Organisation (WTO) Dirctor general Roberto Azevedo and World Customs Organisation (WCO) Secretary General Kunio Mikuriya in a joint statement said the two bodies would work closely together to minimize disruption to cross-border trade in goods - in particular those essential to combat the COVID-19 pandemic - while safeguarding public health.
India charges one of the highest duties on medicines, ventilators, oxygen masks, reagents: WTO
“Among Asian economies, India's duty for respirators is 10% while for China, the rate is 4%,” the multilateral trade watchdog said in a report on worldwide trade in COVID-19 medical products.
View: Impact of COVID-19 on exports will be worse than the financial crisis of 2008
One fallout of the COVID-19 pandemic is that countries are increasingly likely to adopt more and more protectionist measures.
India, China seek simpler farm tariff norms
Bound tariffs are the ceiling rates beyond which countries cannot raise duties. “Simplification of tariffs is something that we have consistently been demanding as part of the agriculture negotiations,” an official in the know of the development said. India raised the subject at a recent meeting on agriculture issues at the World Trade Organization (WTO).
India not negotiating comprehensive FTA with US currently: Piyush Goyal
India is demanding exemption from high duties imposed by the US on certain steel and aluminium products, resumption of export benefits to certain domestic products under their Generalized System of Preferences (GSP), greater market access for its products from sectors including agriculture, automobile, automobile components and engineering.
European Union, China propose interim dispute settlement system
The Multi-party Interim Appeal Arbitration Arrangement (MPIA), set up under Article 25 of the Dispute Settlement Undertaking, offers arbitration outside the Appellate Body contingent upon mutual agreement of the parties. The arrangement was finalised on March 27.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service