Commerce ministry to hold inter-ministerial consultations on May 18
NEW DELHI: The commerce ministry has convened an inter-ministerial meeting on May 18 to hold consultations on issues that are likely to figure prominently in the forthcoming meeting of the highest decision-making body of the World Trade Organisation (WTO) in Geneva next month, an official said. The 12th ministerial conference of the WTO is scheduled […]
Australia takes India to WTO over sugar subsidies
NEW DELHI: Australia said on Friday that it was taking legal action against India at the World Trade Organization (WTO) over sugar subsidies, alleging that it caused a “significant downturn” in world prices and hurt Australian producers. Australia alleges that the subsidies, which have seen Indian sugar production leap from an average 20 million tonnes […]
WTO not equipped to deal with China and its industrial policies: USA
By Lalit K Jha WASHINGTON: China’s economic system is not compatible with the norms of the WTO, the Trump administration has said, asserting that the international trade body is not equipped to deal with Beijing and its industrial policies. The Trump administration is also seeking to redefine the term ‘developing nations’ as countries like China, […]