Wto

  • British government planning on an enormous investment in India, says UK Deputy PM Nick Clegg 3 days ago

    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 3-day 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 business-friendly 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 re-engage 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 re-engage 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 last-ditch 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...
  • 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...
  • Can Narendra Modi redefine India-US relationship? July 31, 2014

    In stern words, External Affairs Minister Sushma Swaraj on Thursday told US Secretary of State John Kerry that surveillance of political leaders and others in India by the American intelligence was "unacceptable". ...
  • American surveillance of BJP 'unacceptable', Swaraj tells Kerry July 31, 2014

    New Delhi: In stern words, External Affairs Minister Sushma Swaraj on Thursday told US Secretary of State John Kerry that surveillance of political leaders and others in India by the American intelligence was "unacceptable". "I told him that both countries consider each other as friendly nations and it will not...
  • No change in India's stand on WTO, says Sitharaman July 31, 2014

    New Delhi: As only a few hours are left for WTO members to ratify the trade facilitation pact, India on Thursday asserted that its stand "remains the same". "Our stand remains the same," Commerce and Industry Minister Nirmala Sitharaman told reporters after meeting US Secretary of Commerce Penny Pritzker. The World...
  • Kerry asks India to drop opposition to WTO deal July 31, 2014

    New Delhi: US Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation. Kerry made the call in a newspaper article,...
  • 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...
  • Hectic parleys on to find a solution to WTO impasse July 29, 2014

    New Delhi: With the deadline to ratify the WTO Trade Facilitation Agreement nearing, hectic parleys are on in Geneva to resolve issues between developed countries and emerging economies, including India. In the WTO general council meeting last week, India had made it clear that it would not ratify the trade facilitation...
  • No trade facilitation pact without resolving food security issue: India to WTO July 25, 2014

    Geneva: In a strong message to the WTO, India on Friday said it will not ratify the trade facilitation pact until a permanent solution is found on food security and other issues of poor nations impacting livelihood of millions. "To jeopardise the food security of millions at the altar of...
  • 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...
  • India will not back WTO protocol unless concerns addressed: Sources July 24, 2014

    New Delhi: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. The determination to link its food subsidy programme, aimed at...
  • Pressure on India to sign WTO trade agreement July 23, 2014

    New Delhi: Amid sharpening differences between India and developed world on WTO issues, Union Cabinet headed by Prime Minister Narendra Modi will finalise this week New Delhi's stand on Bali agreements including ratification of the trade facilitation pact. The Cabinet meeting on Wednesday( July 23) comes close to the July...
  • Anand Sharma thanks USTR, WTO and IMF chiefs for supporting India May 14, 2014

    Commerce and Industry Minister Anand Sharma has written farewell letters to United States Trade Representative and chiefs of WTO and IMF thanking them for extending support to India at multi-lateral forums. "As I approach the end of my tenure and prepare to demit office by the end of this week, I...
  • India to block US trade probes, ready for fight at WTO February 25, 2014

    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 by...
  • US challenges India's solar export restrictions February 11, 2014

    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 have...
  • India to create 100 mn jobs in manufacturing sector: Anand Sharma January 23, 2014

    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 December 18, 2013

    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) meet,...
  • Bali outcome not to impact food security programme, says Anand Sharma December 17, 2013

    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 much...
  • WTO reaches its first ever trade deal at Bali meeting December 7, 2013

    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 after...
  • Win for India as WTO allows subsidy on food security December 7, 2013

    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. ...