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Pakistan has no plans to grant MFN status to India
Pakistan Government has no immediate plans to grant Most Favoured Nation (MFN) status to India. However, it is working out free trade agreements (FTAs) with different countries, especially China and hopes to complete second FTA with China by June 2019. ..
Month: Current Affairs - November, 2018
IMF, World Bank and WTO launch Reinvigorating Trade and Inclusive Growth Report
International Monetary Fund (IMF), World Bank and World Trade Organization have collectively launched report “Reinvigorating Trade and Inclusive Growth”. In this report all three international organisations have sought liberalisation of global service sector, asserting that barriers to these services trade ..
Month: Current Affairs - October, 2018
India notifies WTO of its decision to impose higher import tariffs on 30 US goods
India has notified World Trade Organisation (WTO) of its decision to impose higher import tariffs (ranging from 20 to 50%) on 30 goods from United States. It includes motorcycles (engine capacity of more than 800 cc), heavy machinery, certain iron ..
Month: Current Affairs - June, 2018
India drags US to WTO over imposition of duties
India has dragged United States (US) to World Trade Organisation’s (WTO) Dispute Settlement Mechanism over imposition of import duties on steel and aluminium. India stated that decision will of imposition of import duties impact its exports of these products to ..
Month: Current Affairs - May, 2018
US challenges India’s export subsidy programmes at WTO
The US Trade Representative (USTR) has challenged Indian export subsidy schemes at World Trade Organisation (WTO), saying these programmes harm its manufacturing sector and workers by creating an uneven playing field. Key Facts According to USTR, at least half a ..
Month: Current Affairs - March, 2018
WTO to set up compliance panel in solar dispute case between India, US
The dispute settlement body (DSB) of World Trade Organization (WTO) has decided to set up panel to examine whether India has complied with its 2016 ruling in case against US regarding domestic content requirements (DCR) rules for solar cells and ..
Month: Current Affairs - March, 2018
Government imposes anti-dumping duty on ceramicware from China
The Union Finance Ministry (Department of Revenue) has imposed anti-dumping dutyon import of ceramic tableware and kitchenware from China in bid to protect domestic producers. Both items will attract anti-dumping duty of $1.04 per kg, making the imports expensive. The ..
Month: Current Affairs - February, 2018
India to host informal WTO Ministerial gathering in March 2018
India has announced to host informal Ministerial meeting of World Trade Organisation (WTO) in March 2018 in New Delhi to muster support for issues and also help to multi-lateral process. It was announced by Deepak Jagdish Saksena, India’s ambassador and ..
Month: Current Affairs - January, 2018
India to host meeting of WTO member countries on food security and other issues
India is planning to host meeting of World Trade Organisation (WTO) member countries in February 2018 to muster support for food security and other issues. It was announced by Commerce and Industry Minister Suresh Prabhu while speaking at event organised ..
Month: Current Affairs - December, 2017
India opposes Buenos Aires Declaration on Women and Trade
119 of 164 members of World Trade Organisation (WTO) have backed Buenos Aires Declaration on Women and Trade at 11th WTO Ministerial Conference (MC11) held in Buenos Aires, Argentina. Buenos Aires Declaration on Women and Trade is non-binding declaration that ..