Tag: Wto

World Trade To Grow By 8% In 2021: WTO

Geneva: The World Trade Organization (WTO) said on Wednesday that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year. The global trade body said prospects for a quick recovery in world trade have […]

India's TRIPS Waiver Proposal On Vax Gets Wider WTO Support

New Delhi: India initiated proposal seeking a temporary waiver of global intellectual property rights rules in view of the pandemic has got wider support with 57 WTO members joining the initiative as co-sponsors. The proposal seeks exemption from a clause in the Trips agreement that poses challenges for countries with limited manufacturing capacity to access […]

India loses export incentive case filed by US at WTO

New Delhi: India has lost a case filed by the US at the WTO against domestic export incentives as the dispute settlement panel on Thursday concluded that these schemes are inconsistent with the international trade norms. With this ruling, India will have to re-work these incentive schemes to comply with the WTO ruling. However, it […]

Cabinet Approves Rs 6,268 Cr Sugar Export Subsidy

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a sugar export subsidy for the 2019-20 (October-September) sugar season which would cost the government exchequer Rs 6,268 crore. Speaking to reporters here after the cabinet meeting, Union Minister for Environment and Climate Change, Prakash Javadekar, said that the CCEA has approved an […]