Page-3 of WTO
Imports from Pakistan to India decline by 92% in March 2019
Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights ..
Month: Current Affairs - June, 2019
India’s ICT products Tariff Consultations in WTO
The European Union (EU), China, and Thailand have expressed their intent to join consultations in a case at the WTO against India’s import duties on certain information and communication technology products, including mobile phone which was filed by Japan. Earlier ..
WTO Appellate Body and Structural Crisis
World Trade Organization’s (WTO’s) Appellate Body based in Geneva, Switzerland hears appeals in trade disputes. About the Appellate Body WTO’s Appellate Body is a standing body of seven persons that hears appeals from reports issued by panels in disputes brought by WTO ..
India finds OECD’s STR Index faulty
India has found problems with the current methodology adopted by the Organisation for Economic Cooperation and Development (OECD) under its Services Trade Restrictiveness Index (STRI) to rank countries. Key Highlights About: A study commissioned by Indian Ministry of Commerce found ..
Month: Current Affairs - May, 2019
India to host WTO Ministerial Meeting of Developing Countries
India will be hosting a World Trade Organisation (WTO) Ministerial meeting of developing countries in New Delhi on 13-14 May 2019. The aim is to discuss various challenges being faced by multilateral rules-based-trading system. Key Highlights of Meeting Participants: includes ..
Month: Current Affairs - May, 2019
CBIC organises meeting of WCO’s Asia Pacific Region
Central Board of Indirect Taxes and Customs (CBIC), under Ministry of Finance is organising a meeting of Regional Heads of Customs Administration of Asia Pacific Region of World Customs Organisation (WCO) in Kochi (in Kerela) from 8th to 10th May, ..
Month: Current Affairs - May, 2019
Centre increases Wheat Import Duty by 40%
With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help offtake of domestically produced grain by discouraging milers to import wheat but ..
Month: Current Affairs - April, 2019
India seeks to push reforms at WTO
The Ministry of Commerce and Industries is arranging a mini-ministerial meeting of developing countries on May 13-14 to discuss the future of the multilateral body, World Trade Organisation (WTO) and the development agenda. India is expected to invite close to ..
Month: Current Affairs - April, 2019
President Ram Nath Kovind honoured with highest civilian award of Croatia
President Ram Nath Kovind has been honoured with Croatia’s highest civilian award the Grand Order of the King of Tomislav. The Indian President was honoured during his visit to Croatia to strengthen the bilateral ties. Croatia’s highest civilian award the ..
Month: Current Affairs - March, 2019
India Withdraws MFN Status of Pakistan
One day after the Pulwama terror attack on 14th February, 2019, India has taken a stern step of withdrawing the Most Favoured Nation or MFN Status of Pakistan. This move would enable India to increase customs duty on goods coming ..