World Trade Organisation

Tuesday, Apr 23, 2024 | Last Update : 12:56 PM IST

world trade organisation

The decline in share of foreign trade in national income is mirrored in the decline in India’s share of world exports. In short, the record of the Narendra Modi government in the realm of foreign trade -- both policy and performance -- has been disappointing, especially compared to what was achieved in the preceding decade.n(File Image: AFP)

Sanjaya Baru | A widening gulf: India’s trade policy needs a fix

India's foreign trade performance has declined under the Modi government, reflecting policy shifts and missed opportunities

04 Mar 2024 12:00 AM

All indicators point to a crisis of a magnitude greater than the 2008 global recession. (Representataional Image/AP)

Manish Tewari | Is the world heading into another recession?

Macroeconomic instability is bound to impact living standards and increase poverty

09 Oct 2022 12:05 AM

Other member countries in WTO can raise their objection, if any, to this decision.

Govt notifies WTO about intend to make gold hallmarking must

The decision will come into force with effect from the date of its publication in the official gazette.

29 Nov 2019 2:39 AM

US President Richard Nixon’s historic meeting in 1972 with Mao Zedong, chairman of the Communist Party of China.

Can’t China do for India what US did for China?

The Complete Story of Indian Reforms, 2016. His latest is a career first, deep-dive into geo-political economy.

02 Aug 2019 1:46 AM

Prime Minister Narendra Modi. (Photo: ANI)

Modi says one-sided decisions drive development of global economy

Development of the global economy is largely driven by one-sided decisions and disputes felt by the entire system.

28 Jun 2019 10:00 AM

The move will hurt American exporters of these 29 items as they have to pay duties on these products. (Representational Image)

India to impose retaliatory tariff on 29 US items from June 16

A notification with this regard will be issued by the finance ministry soon, sources said.

14 Jun 2019 5:21 PM

On May 14, Japan dragged India to the WTO over the import duties imposed on certain electronic goods including telephones for cellular networks.

Singapore, Canada seek to join WTO consultations over India's ICT products tariff

According to a communication of WTO, both countries have stated that they have a substantial trade interest in ICT goods.

21 May 2019 3:32 PM

'The logjam in the appellate body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the organisation,' an official statement said quoting the secretary. (Photo: File)

Collapse of WTO's dispute system, imbalance in reform agenda: India

The issues were flagged by India on first day of a meeting of senior officials of 22 members of the WTO.

13 May 2019 2:48 PM

As per the WTO rules, these countries would have to seek approval from India and the EU to join the consultation process.

Canada, Thailand seek to join WTO consultations over India tariff issue

The US, Singapore and Chinese Taipei had also expressed their interest to join consultations in this dispute on Tuesday.

24 Apr 2019 5:03 PM

Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said that the US allegations are completely unfounded.

India is not a tariff king, has right to protect specific sectors under WTO: Experts

US Prez Donald Trump repeatedly claimed India is a 'tariff king' and imposes 'tremendously high' import duties on American goods.

21 Apr 2019 1:48 PM

India's trade weighted average tariffs are 7.6 per cent, which is comparable with the most open developing economies.

India's import duties not high; within global trade norms of WTO: govt

The bilateral trade has increased to USD 74.5 billion in 2017-18 from USD 64.5 billion in 2016-17.

05 Mar 2019 4:11 PM

The WTO forecast last September that global trade growth would slow to 3.7 per cent in 2019 from an estimated 3.9 per cent in 2018, but there could be a steeper slowdown or a rebound depending on policy steps, it said. (Representational Image)

WTO warns of global trade slowdown as indicator hits 9-year low

The WTO’s quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010.

19 Feb 2019 5:33 PM

Several railways infrastructure projects in Nepal have been undertaken with India's assistance, Fekita said. (Photo: Pixabay)

India can play key role in Nepal's bid to expand global trade: UN official

The LLDCs are amongst some of the most vulnerable countries, UN Under-Secretary-General and High Representative, Fekita 'Utoikamanou said.

17 Feb 2019 3:33 PM

Modi said, 'We have given full authority to the security forces to decide the time, place, and nature of any further operations that need to be carried out in response to Pulwama terror attack.' (Photo: ANI)

'Full authority to security forces to decide time, place to retaliate': Modi

'Our neighbours’ intentions will be given a befitting reply, all major world powers are with us,' Modi added.

15 Feb 2019 4:55 PM

Prime Minister Narendra Modi speaks at the G-20 Summit in Hamburg, Germany. (Photo: PTI/File)

New era calls for a new lead role for G-20

Over the past decade, G-20 leaders have been meeting regularly to steer the world economy.

29 Nov 2018 12:07 AM

If May secures a deal with the EU, she has to get the British parliament to approve it and would need the backing of about 320 lawmakers to get approval. (Photo: File)

40 lawmakers may vote down Theresa May's Brexit deal: Ex-minister

'Colleagues will not tolerate a half in, half out Brexit,' said Baker, who served as a junior Brexit minister in May's government.

09 Oct 2018 3:44 PM

American officials say Chinese plans for state-led development of global competitors in robotics and other technologies violate its market-opening obligations and might erode US industrial leadership. (Photo: File)

China hikes tariffs on US imports as trade row intensifies

The conflict stems from US complaints Beijing steals or pressures foreign companies to hand over technology.

24 Sep 2018 3:52 PM

The US is also talking to Mexico on NAFTA or the North American Free Trade Agreement, Trump said. (Photo: File)

Economic surrender of US is over, demands fairness from WTO: Trump

Donald Trump alleged that his successors did nothing to protect American jobs.

24 Jul 2018 2:25 PM

China announced it filed a World Trade Organisation challenge on Monday to US President Donald Trump's proposal for a tariff hike on USD 200 billion of Chinese goods.

China files WTO challenge to Donald Trump's USD 200 billion tariff hike

The one-sentence Commerce Ministry statement gave no legal grounds for the challenge or other details.

16 Jul 2018 3:36 PM

G20 members including India and the US have applied as many as 39 new trade-restrictive measures such as higher duties and taxes as also stricter customs procedures during seven months to mid-May, a WTO report has said.

G20 nations impose 39 new trade restrictions in 7 months, says WTO

The trade-restrictive measures in G20 economies have doubled compared to the previous review period.

09 Jul 2018 4:43 PM

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