Source: The post is based on the article “Switzerland is first WTO member to formally accept new Agreement on Fisheries Subsidies” published in WTO on 23rd January 2023 What is the News? Switzerland has become the first WTO member to formally submit its acceptance of the WTO’s new Agreement on Fisheries Subsidies. What is the… Continue reading Switzerland is first WTO member to formally accept new Agreement on Fisheries Subsidies
Tag: WTO
Do WTO like you did COP
News: India should balance its geopolitical interests and geo-economic interests equally. In COP26, by offering to do more than what was expected out of it, India has tried to disarm its critics from the Western countries while voicing the concerns of the South. Later this month, India will find again find itself in a similar… Continue reading Do WTO like you did COP
Trade multilateralism at risk
Synopsis: About WTO’s crisis, various challenges faced by WTO and the way forward. Introduction The World Trade Organization (WTO) is the global trade body. Currently, it is facing a serious existential crisis. The upcoming WTO ministerial meeting which will be held in Geneva, provides an opportunity to save this institution. What crisis WTO is facing today? The crisis is related to… Continue reading Trade multilateralism at risk
Why is US adamant on the redefinition of ‘developing country’ status in WTO?
The criteria for developing country status in WTO is being challenged by US. Would it be right to reform it?
India uses WTO peace clause for higher rice sops
News:India has invoked the peace clause of the World Trade Organization (WTO) for exceeding the ceiling on support it can offer farmers for rice for the marketing year 2018-2019.This is the first time any country has invoked this clause. Facts: Peace Clause:It is a mechanism which protects a developing country’s food procurement programmes against action… Continue reading India uses WTO peace clause for higher rice sops
Key WTO body may become dysfunctional from December 11
News:The World Trade Organization’s(WTO) appellate body could become dysfunctional on December 11,2019 as the United States continues to block the appointment of members. Facts: About WTO’s Appellate Body: The World Trade Organization’s(WTO) Appellate Body was set up in 1995. It is a standing committee of seven members that presides over appeals against judgments passed in… Continue reading Key WTO body may become dysfunctional from December 11
Special and differential(S&D) treatment
News:India China and several African nations has cautioned against diluting special and differential treatment provisions related to developing countries, as it would lead to deadlock at the WTO. Facts: About Special and differential treatment: The WTO Agreements contain special provisions which give developing countries special rights and which give developed countries the possibility to treat… Continue reading Special and differential(S&D) treatment
WTO cuts global trade growth forecast to 1.2% for 2019
News:The World Trade Organization(WTO) has reduced its global growth forecasts for 2019 to 1.2% from the earlier 2.6%. Facts: The trade forecasts has been reduced due to (a)downgrades on slower growth in major economies (b)trade wars and (c)ongoing uncertainty over Brexit. It has also said that the job creation may also be affected as firms… Continue reading WTO cuts global trade growth forecast to 1.2% for 2019
China lodges case at WTO against US import duties
China has lodged a case against the United States with the World Trade Organization(WTO) over U.S. import duties. The move was taken after the United States began imposing 15% tariffs on a variety of Chinese goods, including footwear, smart watches, and flat-panel televisions. China has said that the latest tariff actions by US has violated… Continue reading China lodges case at WTO against US import duties
WTO to rule on India sugar export subsidies
The World Trade Organization(WTO) has set up panels to rule on complaints by Australia,Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers. The three countries have claimed that India provides trade-distorting production subsidies including soft loans and subsidies to maintain stocks of sugar and tax rebates. Australia has held India responsible for… Continue reading WTO to rule on India sugar export subsidies
Trump threatens to pull US from WTO
The US President has threatened to withdraw the United States from the World Trade Organization (WTO) on the grounds that it treats US unfairly. He has also asserted that India and China have already grown and it was unfair of them to take advantage of the developing countries tag by the World Trade Organisation(WTO). The… Continue reading Trump threatens to pull US from WTO
New Delhi may not join interim arrangement to replace appellate body at WTO
India is unlikely to strike bilateral deals with World Trade Organization (WTO) members such as the European Union (EU) and Canada. The deal aims to work out an interim arrangement to preserve the dispute settlement function of the multilateral body by agreeing to set up arbitration panels to resolve disputes. The Appellate body considered the… Continue reading New Delhi may not join interim arrangement to replace appellate body at WTO
India warns WTO’s appeals body may collapse
India has warned of the collapse of the World Trade Organization’s (WTO) Appellate Body. This statement came as the US has repeatedly blocked the selection complaining the Appellate Body failed to follow the rules in the Dispute Settlement Understanding. The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of… Continue reading India warns WTO’s appeals body may collapse
Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
Brazil,Australia and Guatemala’s has requested World Trade Organization (WTO) to set up a Dispute settlement panel(DSB) against India’s sugar subsidies. The countries have said that most subsidies to sugar producers in India violate WTO rules.Several subsidies such as the State-level export subsidies for sugar,Central assistance and export incentives were inconsistent with the WTO rules. The… Continue reading Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
US drags India to WTO over duty hike on 28 American goods
The US has dragged India to the World Trade Organization(WTO) for according less favorable treatment to its products. India had levied higher tariffs on American products in response to the US imposing a global additional tariff of 25% and 10% on import of steel and aluminium product respectively. The US has said that the additional… Continue reading US drags India to WTO over duty hike on 28 American goods
India beats U.S. at WTO in renewable energy case
India has won a major trade dispute against the United States at the World Trade Organization(WTO). The WTO dispute resolution panel has ruled that US domestic content requirements and subsidies provided by eight of its states in the renewable energy sector are violative of global trade norms. The panel concluded in its ruling that the… Continue reading India beats U.S. at WTO in renewable energy case
Delhi offers blueprint to promote development, inclusivity at WTO
India has offered a blueprint for promoting development and inclusivity at the World Trade Organization(WTO).It has emphasized that resolving the crisis at its highest adjudicating body must be a top priority. The WTO Appellate Body which is an intergovernmental dispute settlement system for resolving and enforcing global trade rules will become dysfunctional from 11 December,2019… Continue reading Delhi offers blueprint to promote development, inclusivity at WTO
Exports growth slides to four-month low in April
According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s export growth has also slowed down to a four month low in April,2019 at 0.64% due to slowdown in labour-intensive sectors such as leather products,… Continue reading Exports growth slides to four-month low in April
India seeks to push reforms,development agenda at WTO
India will be hosting the second informal meeting of trade ministers from about 20 member nations of the World Trade Organization (WTO) on May 13,2019. This meeting assumes significance as several countries are raising questions over the relevance of the WTO.Many countries are also taking protectionist measures which is impacting the global trade. However,India has… Continue reading India seeks to push reforms,development agenda at WTO
7 PM Daily Editorials Brief – April 17, 2018 (INDIA-EU Bilateral Trade and Investment Agreement)
Read In-depth analysis of all the Editorials here Source : Trade treaty on Modi’s agenda Analysis : INDIA-EU Bilateral Trade and Investment Agreement
