World Trade Organisation

  • Opposition creates ruckus over government's tough stance at WTO August 11, 2014

    New Delhi: The Opposition on Monday created ruckus in the Rajya Sabha as it raised the Bharatiya Janata Partyled government's tough stance at the World Trade Organisation that scuttled the Trade Facilitation Agreement. Finance Minister Arun Jaitley was forced to make a clarification in the House. He said that the Bali...
  • 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...
  • India's demands block $1 trillion WTO deal on customs rules August 1, 2014

    The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling. "We have not been able to find a solution that would allow us...
  • Rural votes, old traumas drive India's WTO brinkmanship July 30, 2014

    New Delhi: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to...
  • India blocks WTO deal on customs rules as deadline nears July 25, 2014

    Geneva: India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically. At a meeting in Geneva, diplomats from the 160 WTO member countries were supposed to rubber stamp a deal on "trade...
  • PM Modi scraps 4 Cabinet Committees including that on UIDAI Aadhaar June 10, 2014

    New Delhi: Sending out yet another loud and clear signal of his intent for "more governance, less government", Prime Minister Narendra Modi on Tuesday scrapped four Standing Committees of Cabinet. The Committees were on Management of Natural Calamities, Prices, World Trade Organisation Matters and UIDAI Aadhaar. Aadhaar was one of the...
  • India beats China in export growth rate: WTO July 29, 2012

    New Delhi: India has overtaken China in exports growth rate recording an increase of 16.1 per cent in 2011, topping the list of all major trading countries in the world, says a WTO report. "India had the fastest export growth among major traders in 2011, with shipments rising 16.1 per cent....
  • US knocks WTO, seeks dispute settlement with India May 11, 2012

    Washington: The US has approached the World Trade Organisation (WTO), seeking a dispute settlement panel to decide American claims that Indian restrictions on imports of various US agricultural products, including poultry meat and chicken eggs, were discriminatory. The US has approached WTO after its talks with India failed to resolve the...
  • India challenges US immigration rules at WTO April 10, 2012

    New Delhi: India has launched a complaint at the World Trade Organisation over the cost of US work visas, which it says are too high and discriminate against a group of Indian IT firms, in the latest sign of prickly trade ties between the two allies. The complaint is at the...
  • Less faith in concept of free market: Arun Maira November 18, 2011

    "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),...
  • India's trade policy lacks transparency: US September 16, 2011

    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 trade...
  • WTO envoys ready for Doha trade deal in 2011 November 27, 2010

    Geneva: Ambassadors at the World Trade Organization, heeding a call from leaders at the G20 and APEC summits, have agreed to push for an outline deal in the long-stalled Doha trade round by next summer. They face the challenge of translating their upbeat rhetoric into negotiating reality if the new target...
  • India may join China over US visa row August 19, 2010

    New Delhi: The visa row between India and United States seems to have intensified with sources telling CNN-IBN that India may join hands with countries like China and file a complaint against the US at the World Trade Organisation (WTO). The United States may have to pay more than...
  • India eases ban on China toys, wants safety stamp March 2, 2009

    New Delhi: India on Monday relaxed a ban on the import of toys from China to allow shipments certified by global safety agencies, weeks after the government had imposed wide-ranging curbs for six months citing public safety. In February, India's Trade Minister said the move complied with World Trade Organisation...
  • WTO talks deadlocked, US blames India, China July 29, 2008

    New Delhi: In Geneva, the Doha round of World Trade Organisation talks are on the verge of collapsing and the US is blaming India and China for this. US Trade representative, Susan Shwab says the talks are deadlocked since India and China want to selectively open their markets. This is...