WTO

  • India to block US trade probes, ready for fight at WTO 25-02-2014 06:00 PM

    India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries. New Delhi is furious about a threat of trade sanctions made...
  • US challenges India's solar export restrictions 11-02-2014 07:20 AM

    Washington: The US on Monday challenged the domestic content requirement of India's solar mission, which it alleged is discriminatory and against international norms, including WTO laws, and badly affects the American domestic solar panel manufacturing industry. As the US Trade Representative, Mike Froman, announced his decision, officials argued that they...
  • India to create 100 mn jobs in manufacturing sector: Anand Sharma 23-01-2014 02:56 PM

    Davos: India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 per cent from 16 per cent, Commerce and Industry Minister Anand Sharma said. Sharma is in Davos for the World Economic Forum (WEF) annual meet...
  • WTO agreement needed for developing nations, says Anand Sharma 18-12-2013 07:25 PM

    Commerce Minister Anand Sharma on Wednesday said the recent agreement signed at the WTO meeting in Indonesia was needed to strike a balance in favour of developing nations. Giving clarifications on a statement given in the Rajya Sabha, he said after the Uruguay round of the World Trade Organisation (WTO)...
  • Bali outcome not to impact food security programme, says Anand Sharma 17-12-2013 04:02 PM

    The outcome of the WTO meeting held recently at Bali will not impact the country's food security programme, Commerce and Industry Minister Anand Sharma informed Parliament on Tuesday. "...nothing in the aforesaid agreement impinges on our food security programme for the poor and vulnerable sections of society, which is very...
  • WTO reaches its first ever trade deal at Bali meeting 07-12-2013 01:46 PM

    Bali: The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. The approval came...
  • Win for India as WTO allows subsidy on food security 07-12-2013 01:12 PM

    In a major victory for India, the WTO on Friday agreed to allow countries to provide subsidy on staple food crops without any threat of punitive action, a concession that salvaged the current round of world trade talks from the brink of collapse. ...
  • India has its way at WTO, demand for no cap on food subsidy accepted 07-12-2013 07:50 AM

    Bali: In a major victory for India, the WTO on Friday agreed to allow countries to provide subsidy on staple food crops without any threat of punitive action, a concession that salvaged the current round of world trade talks from the brink of collapse. After burning the midnight oil and...
  • Major victory at WTO, no threat to food security plan: Sharma 06-12-2013 10:22 PM

    Bali: In a major victory for India, the WTO on Friday agreed to allow countries to provide subsidy on staple food crops without any threat of punitive action, a concession that salvaged the current round of world trade talks from the brink of collapse. After burning the midnight oil and...
  • Don't take a stand at WTO meet, will jeopardise our welfare schemes: Raman Singh to PM 05-12-2013 09:24 AM

    Chhattisgarh Chief Minister Raman Singh on Wednesday said an unfavourable agreement at the ongoing WTO meet in Bali could "seriously impair" implementation of Food Security Act in the country, as he vouched his support for the "non-negotiable" stand taken by India. Singh, who wrote to Prime Minister Manmohan Singh on...
  • India refuses to trade food security at WTO meet in Bali 04-12-2013 04:45 PM

    Sticking to its position that food security was non-negotiable as it impacted four billion people worldwide and millions of farmers, India on Wednesday rejected the subsidy proposal in its present form at the global trade talks in Bali. "For India, food security is non-negotiable," India's Commerce Minister Anand Sharma said...
  • WTO meet begins on Tuesday, high stakes for India's food programme 02-12-2013 01:56 PM

    Ministers and trade diplomats from 159 countries will get into tough negotiations at the WTO Ministerial meeting beginning in Bali on Tuesday with India seeking a deal on farm subsidies that will enable it to implement its USD 20 billion food security law without attracting any multilateral scrutiny. As hard...
  • CII calls for addressing food security issue at Bali meet 01-12-2013 12:32 PM

    The outcome of the WTO meet at Bali without addressing the concerns of developing countries including India on issues like food security plan would erode the credibility of the multi-lateral body, industry body CII said on Sunday. "Any outcome sans a good development package, including adequate safeguards for developing countries...
  • India will secure and protect right to food security at WTO, says Anand Sharma 29-11-2013 06:22 PM

    Ahead of next week's WTO meet in Bali, Commerce Minister Anand Sharma on Friday asserted that India will secure and protect its right to food security and strive for a permanent immunity from any kind of farm subsidy breach. He also said that India will remain positively engaged with the...
  • Full text: Prime Minister's interview to 'Kompas' newspaper, Indonesia 11-10-2013 10:18 AM

    Prime Minister Manmohan Singh who is on a four-day visit to Brunei and Indonesia said that Indonesia is one of India's most important partners in the neighbourhood and a "key constituent of India's Look East Policy". During his visit, he is scheduled to attend the ASEAN summit and hold talks...
  • P Chidambaram defends Indian policies as growth oriented 11-07-2013 02:14 PM

    Washington: Finance Minister P Chidambaram on Thursday invited American companies to establish manufacturing plants in India, as he defended Indian economic policies as growth oriented and WTO complaint, and emphatically raised New Delhi's concerns over the comprehensive immigration reforms. Chidambaram, who is here on a four-day trip to attend the...
  • Why Fear FDI in Retailing?

    Espresso Economics |  Vivian Fernandes
    While approving foreign direct investment in multi-brand retailing, the central government says states have the discretion to deny them entry. Though investment policy is decided...

  • WTO approves Russia's membership 17-12-2011 09:49 AM

    Geneva/Moscow: Russia won admission to the World Trade Organisation on Friday after 18 years of negotiations, finally gaining full integration into the global economy two decades after the Soviet Union collapsed. Russia's $ 1.9 trillion economy was the largest outside the WTO, and accession will help reduce the dependence on...
  • Less faith in concept of free market: Arun Maira 18-11-2011 11:14 AM

    "There comes a tide in the affairs of men," Shakespeare cautioned. Tsunami warnings are now ringing about the global economy. The global financial system is under stress. Economic growth is stumbling. Confidence in governments is decreasing everywhere. Multilateral institutions like the WTO (World Trade Organization) and IMF (International Monetary Fund),...
  • US drags India to WTO over subsidy programmes 07-10-2011 09:57 AM

    Washington: The United States on Thursday dragged China and India to the World Trade Organisation over subsidy programmes implemented by the world's two fastest growing economies, with a top Obama Administration official terming the situation as intolerable. "The situation was simply intolerable," US Trade Representative Ron Kirk said. Noting that...
  • India's trade policy lacks transparency: US 16-09-2011 07:48 AM

    Washington: The US has expressed concern over India's lack of transparency in its trade policy, as a result of which small and medium-sized enterprises have difficulties in investing and doing business in the country. "The US continues to be concerned about the lack of transparency in many aspects of India's...
  • WTO members praise India for economic reforms 15-09-2011 12:04 AM

    Geneva: Several WTO members, including Turkey, Brazil, Mexico, China, Pakistan and the European Union, on Wednesday praised India for pursuing bold trade and development-friendly initiatives despite serious economic and social challenges. The US, however took several pot shots at New Delhi by commenting "about lack of transparency in many aspects...
  • 'India, China responsible for deadlock in Doha' 13-09-2011 11:48 AM

    Washington: A top US official on Monday blamed the stalemate in the Doha trade talks on India, China and other emerging nations, asserting they were unwilling to shoulder responsibilities reflecting their dramatic rise in the global economic hierarchy. Since the Doha negotiations began in 2001, the world has changed dramatically,...
  • World Bank chief urges broad global trade accord 19-07-2011 03:11 AM

    Washington: World Bank President Robert Zoellick, in remarks released on Sunday, said it was time for countries to get out of their defensive positions on trade and push for a broad agreement that could help the struggling global economy. In a speech to the World Trade Organization that he is...
  • US considers removing all tariffs for poor nations 09-07-2011 01:10 AM

    Washington: The US government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world's least-developed countries (LDCs). The US International Trade Commission said it would report its findings to the US Trade Representative's office in February, two months after...
  • Govt hints at flexibility in WTO talks 31-05-2011 05:54 PM

    New Delhi: India may agree in the WTO negotiations to cut tariff in specific sectors in which the country is, any way, slashing duties under Free Trade Agreements with different countries and blocs, a Commerce Ministry official said on Tuesday. In the government-industry consultations here, an indication was given that...
  • US to press India for trade opening 06-03-2011 11:52 AM

    Washington: The US considers India as one of the most significant markets for growth and will press New Delhi for promoting open and transparent trade and investment regime, a key American policy document has said. "In South Asia, India presents one of the most significant markets for growth in US...