In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.
Notably, Brazil, Australia and Guatemala in 2019 claimed that India’s sugar subsidies to farmers were in violation of global trade rules, and dragged the issue to WTO’s dispute settlement system.
WTO Director-General Nzogi Okonjo-Iweala, after a pair of sleepless nights in rugged negotiations, concluded the WTO’s first ministerial conference in 4-1/2 years by trumpeting a new sense of cooperation at a time when the world has faced crises like growing food insecurity, war in Ukraine and a once-in-a-century pandemic that has taken millions of lives.
Taking to Twitter, Union Minister Piyush Goyal wrote "fighting for the rights of our farmers within an hour of landing WTO Geneva at the G33 Ministerial Meeting."
According to the latest data from the UN Food and Agriculture Organization, fish stocks are at risk of collapsing in many parts of the world due to overexploitation.WTO; India
India called out the West and cautioned that the issue of food grains should not go the way of Covid-19 vaccines, which were purchased by the rich nations in quantities excess of what they needed, leaving the poor and less developed nations scrambling to administer even the initial doses to their people.
Piyush Goyal discussed the proposed waiver to provisions of the WTO Agreement on TRIPS for COVID-19-specific items and raising vaccine production with USTR.
In a landmark development, China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status, as the former allowed the dispute to lapse.
The dispute panel was hearing the US complaint about India's alleged export subsidy measures, and found the export promotion schemes in violation of WTO rules.
Reiterating that China has taken advantage of the US and the World Trade Organization, President Donald Trump on Wednesday asserted that their economy is not doing good because of his trade and tariff actions.
The government may impose a provisional anti-dumping duty of up to USD 199 per tonne on imports of aluminium and zinc coated flat products from China, Vietnam and Korea, according to a notification of the commerce ministry.
The move followed the failure of the US to comply with the recommendations and rulings of the DSB.
Trump is a longtime critic of the WTO. He often complains that the world trade body is biased against the US.
The US Trade Representative (USTR) argued that at least half a dozen Indian programmes provide financial benefits to Indian exporters, which allow them to sell their goods more cheaply to the detriment of American workers and manufacturers.
The US had last month claimed that the WTO that India had failed to abide by a ruling that it had illegally discriminated against foreign suppliers of solar cells and modules.
While agreement on major trade reforms was never expected, even relatively minor proposals on e-commerce and fishing subsidy curbs ran aground.
The United States on Friday claimed victory over India at the World Trade Organisation (WTO) wherein it had challenged the local content requirement in solar panels by New Delhi.
India has moved the World Trade Organisation (WTO) against the subsidy given by eight US states in renewable energy under American domestic content requirements, the Commerce Ministry said on Tuesday. "We have sought consultations with
India is now set to file 16 cases against the US on charges that it violated World Trade Organization (WTO) treaties, the government informed Parliament today.
New Delhi: Barely a week after it blocked India's bid at the UN to get Jaish-e-Mohammed chief Masood Azhar banned for the second time, China today backed India against the World Trade Organisation (WTO) ruling
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