WTO

  • Trillion dollar IT trade deal on a knife-edge at the WTO 6 days ago

    Geneva: A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. But late on Thursday one trade official involved with the talks said a deal would be very unlikely...
  • WTO impasse ends, India's food security concerns taken on board November 28, 2014

    Geneva/New Delhi: Ending months-long deadlock, the WTO on Friday approved a trade facilitation pact while agreeing to India's demand for continuing the peace clause till a permanent solution is found to the food stockpiling issue, crucial for continuing food security scheme. "Until a permanent solution is agreed and adopted...(WTO) members shall...
  • Man tests positive for Ebola, kept in isolation in Delhi November 18, 2014

    News Delhi: India has quarantined a man who was cured of Ebola in Liberia but continued to show traces of the virus in samples of his semen after arriving in the country, the Health Ministry said on Tuesday. The ministry said in a statement that the Indian national tested negative for...
  • India-US breakthrough on WTO hailed as 'win-win' situation November 14, 2014

    Brisbane: The resolution of a row between India and the US over food subsidies was on Friday hailed as a "win-win" situation by leading industrialised countries -- Japan, the EU and the UK -- who expressed confidence that a landmark global trade pact stalled for months can now move forward....
  • Obama commends Modi's 'personal leadership' in resolving the WTO impasse November 14, 2014

    Washington: US President Barack Obama has commended the "personal leadership" role provided by Prime Minister Narendra Modi in finding a path forward on WTO Trade Facilitation Agreement (TFA) reached between the two countries, a presidential spokesperson said. "The President had extensive discussions with Prime Minister Modi on this issue and...
  • Top US trade groups laud India and US on WTO agreement November 14, 2014

    Washington: Describing the agreement between India and US to resolve the contentious food security issue at the WTO as "breakthrough", top American trade and business groups have applauded both the countries saying that, new development would boost global trade and economic growth. "Businesses worldwide applaud the news that the US and...
  • India, US reach agreement on food security to end WTO impasse November 13, 2014

    New Delhi/Washington: India on Thursday achieved a major victory with the US agreeing to its proposal on food security issues at WTO, a development that will pave the way for a breakthrough to end the three-month long stalemate. The agreement comes two days ahead of the G-20 Summit in Australia, which...
  • India agrees with US on food stockpiling, WTO General Council to consider India's proposal November 13, 2014

    New Delhi: Ahead of the G20 summit, India and the US have resolved their differences over the World Trade Organisation (WTO) pact. The deal opens the way for implementation of the WTO Trade Facilitation Deal that has been stalled for months. "India and the US have resolved differences over the WTO,"...
  • India may announce breakthrough in WTO talks on trade facilitation: sources November 13, 2014

    New Delhi: A breakthrough is expected in talks between India and the World Trade Organization to end a deadlock on implementing a deal struck in 2013 to facilitate global trade, sources close to the talks said on Thursday. Trade minister Nirmala Sitharaman is due to give a statement shortly, a government...
  • US, China reach 'understanding' on IT tariff cuts: White House November 11, 2014

    Beijing: The United States and China have "reached an understanding" on an agreement to reduce tariffs on information technology trade, the White House said, in what Washington called a boost to WTO efforts to slash trade duties. Washington hopes the move would "contribute to a rapid conclusion" of negotiations in Geneva...
  • Reforming the economy not an easy process but will overcome hurdles soon, assures Arun Jaitley November 5, 2014

    New Delhi: Emanating optimism regarding a positive investment environment in the country, Finance Minister Arun Jaitley on Wednesday said that he is satisfied with the beginning that the government has made. He also said that reforming the economy is not an easy process and will take considerable time. "The pit...
  • India lifts domestic wheat purchase price by 3.6 per cent October 29, 2014

    New Delhi: The government has raised the price it will pay to buy new-season wheat from local farmers by 3.57 per cent to 1,450 rupees per 100 kg, encouraging the crop even though supply has exceeded demand for eight years. India, the world's second-biggest wheat consumer, sets a price each year...
  • Permanent solution on food security in WTO rules is must: India October 24, 2014

    United Nations: In a stern message, India has told the UN General Assembly that developing countries must have the freedom to use food reserves to feed the poor "without the threat of sanctions" and a permanent solution on food security with necessary changes in WTO rules is a must. "The issue...
  • India will stick to its position on food issue at WTO: Nirmala Sitharaman October 15, 2014

    New Delhi: India will stick to its position on the food security issue at the WTO trade negotiations as it is the sovereign duty of the government to protect the interest of its poor, Commerce & Industry Minister Nirmala Sitharaman said on Wednesday. "Our position remains intact, that we will underline...
  • India's food security concern at WTO needs solution: Modi September 30, 2014

    New York: Emphasising that India supports trade facilitation, Prime Minister Narendra Modi on Tuesday told US President Barack Obama that a solution must be found on its concerns over food security at the WTO. Modi had an "open discussion" on WTO (World Trade Organisation) issue with Obama during their summit talks...
  • Pact on food security, trade facilitation to go hand-in-hand: PM Modi September 30, 2014

    New York: Ahead of his meeting with US President Barack Obama, Prime Minister Narendra Modi on Monday made it clear that agreement on food security and trade facilitation will have to go hand-in-hand. "Agreement on food security and trade facilitation will have to go hand-in-hand," Modi said while addressing the Council...
  • 'India's farm subsidy well below WTO cap of 10 pc' September 11, 2014

    New Delhi: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy...
  • September 11 Memorial Museum to open in New York to mark the 13th anniversary of the WTO attack September 11, 2014

    To commemorate the 13th anniversary of the deadly September 9/11 attack on the World Trade Center, the longawaited September 11 Memorial & Museum will be opened on Thursday to victims' families and first responders after the anniversary ceremony. ...
  • Food security: South Africa backs India's stance at WTO September 7, 2014

    New Delhi: South Africa supports India's stance at WTO on public food stock holding issue as developing nations have responsibility to ensure that "those who are not able to feed themselves" are brought under the food security net, said South African High Commissioner to India FK Morule. "The developing countries which...
  • British government planning on an enormous investment in India, says UK Deputy PM Nick Clegg August 27, 2014

    New Delhi: British Deputy Prime Minister Nick Clegg has hinted that the UK government is planning on making an enormous investment in India, especially in the areas of infrastructure and defence. In an exclusive interview to Network18, Clegg, who is in India for a 3day trade mission, has also...
  • Congress to raise WTO issue in Parliament on Sunday August 10, 2014

    New Delhi: Irked by Prime Minister Narendra Modi's remark suggesting that the UPA government compromised on the issue of food security at WTO, Congress on Sunday said it would raise the matter in Parliament on Monday as the statement was "incorrect". "The statement of Modi, his claim of standing up for...
  • Congress slams PM Modi, BJP for 'misleading' people August 9, 2014

    New Delhi: Congress on Saturday launched an all out attack on Prime Minister Narendra Modi accusing him of "misleading" people on the WTO issue and ridiculed BJP over its "Congress phobia". "The statements that Modi has made are confirming the worst apprehensions of a partisan political agenda to mislead and...
  • NDA stand on WTO agreement 'exercise to confuse people': Congress August 5, 2014

    New Delhi: The NDA government's statement in Parliament that India has decided not to ratify WTO's Trade Facilitation Agreement (TFA) was a "laborious exercise to confuse people", Congress on Tuesday said while lamenting that New Delhi's "isolation was painful" at the global body's meet in Geneva. "Commerce Minister Nirmala Sitharaman's statement...
  • India won't compromise on farmers' interests at WTO: Jaitley August 5, 2014

    New Delhi: BJP on Tuesday asked its MPs to convey to the public the stand taken by the NDA government to protect the interests of farmers at WTO even as it assured that the interests of the farming community would not be compromised at any cost. Giving details of the World...
  • India confident WTO will understand food security concerns August 5, 2014

    India refused to yield ground on Tuesday on its spat with the World Trade Organisation and said it believed it could convince other members that its need for more freedom on food subsidies was legitimate. Trade Minister Nirmala Sitharaman did not give details in a statement she made in parliament, but...
  • Government should explain problems at WTO: Salman Khurshid August 3, 2014

    Panaji: Demanding an explanation from the government on the WTO logjam, former External Affairs Minister Salman Khurshid on Sunday said there were no problems when the previous UPA regime negotiated the matter. The senior Congress leader said that the government has not "given a clear enough explanation" about the problems that...
  • Doubts surface about Modi in global trade community after deal is scuppered August 2, 2014

    New Delhi: Prime Minister Narendra Modi came to office with a reputation as a businessfriendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Now potential investors, some of them foreign firms hoping to exploit new opportunities in India's...
  • WTO failure: Modi says developed nations should understand challenges of developing countries August 1, 2014

    New Delhi: Against the backdrop of the US blaming India for the failure of WTO talks, Prime Minister Narendra Modi on Friday said developed countries should "understand" the challenges of poverty in developing nations and their governments' responsibilities to address them. Modi conveyed the message to US Secretary of State John...
  • India ready to reengage with WTO members in September August 1, 2014

    New Delhi: With its stand on food security leading to a stalemate at the WTO talks in Geneva, India on Friday said it is committed to the global trade deal without compromising on its interest, and will reengage with members when talks resume a month from now. "WTO will open...
  • Nine reasons why India's WTO veto shocked the world August 1, 2014

    Geneva: India's tough diplomacy blocked a landmark world trade treaty late on Thursday, despite lastditch talks to rescue what would have been the first global trade reform since the creation of the World Trade Organization 19 years ago. Trade diplomats in Geneva have said they are "flabbergasted", "astonished" and "dismayed" and...