Wto

UN Trade Body Chief Roberto Azevedo To Step Down A Year Early

World News | Reuters | Thursday May 14, 2020

World Trade Organization head Roberto Azevedo will step down a year earlier than planned in August, he said on Thursday, in a surprise move as the trade body struggles to rein in global tensions and coordinate responses to the COVID-19 pandemic.

New FDI Rules Not Violation, Say Government Sources On China Criticism

India News | Reported by Akhilesh Sharma, Edited by Deepshikha Ghosh | Tuesday April 21, 2020

India has denied China's criticism that its new Foreign Direct Investment rules are a violation of the WTO agreement. The rules calling for government sanction for neighbours wishing to invest in India are "not denial" of permission but only an approval process, so no violation, top government sources said on Tuesday.

China Slams India's New FDI Rules, Calls It "Discriminatory": 10 Points

India News | Reported by Nidhi Razdan, Edited by Deepshikha Ghosh | Monday April 20, 2020

India's new rules for Foreign Direct Investment (FDI) violate WTO principles of non-discrimination and are against free and fair trade, China said on Monday, calling for a "revision of discriminatory practices". On Saturday, the government stepped up scrutiny of investments from companies based in neighbouring countries, in what was widely seen as ...

Global Bodies Warn Of "Worldwide Food Crisis" In Wake Of Coronavirus

World News | Agence France-Presse | Wednesday April 1, 2020

The heads of three global agencies warned Wednesday of the risk of a worldwide "food shortage" if authorities fail to manage the ongoing coronavirus crisis properly.

CA Exam (May 2020) Registration Begins Tomorrow

Education | Edited by Maitree Baral | Tuesday February 4, 2020

Along with CA exams, ICAI would also conduct exams For International Trade Laws and World Trade Organisation (ITL& WTO), Part I Examination and International Taxation- Assessment Test.

Former New Zealand PM And WTO Leader Mike Moore Dies At 71

World News | Agence France-Presse | Sunday February 2, 2020

Mike Moore, who overcame cancer and a lack of formal education to become prime minister of New Zealand and head of the World Trade Organization (WTO), died Sunday aged 71, his wife said.

India, China Got "Tremendous Advantage" Of Developing Country Status: Trump

India News | ANI | Thursday January 23, 2020

US President Donald Trump on Wednesday complained that his country has not been "treated fairly" by the World Trade Organisation (WTO), stating that the United States is not considered a "developing nation" while China and India are, by the global trade body.

European Union Warns Of WTO Challenge If China-US Deal Creates ''Distortions''

Business | AFP | Friday January 17, 2020

In our opinion, quantitative targets are not WTO-compatible if they lead to trade distortions," Mr Chapuis said. "If it were to be the case, we will go to the WTO to settle this matter." He said that during a meeting at the Chinese foreign ministry, he was given "formal assurances that in absolutely no way would European businesses be affected b...

US Welcomes World Trade Organisation Ruling On Indian Export Incentives

World News | Press Trust of India | Friday November 1, 2019

The US has welcomed the ruling of the WTO's dispute settlement panel which held that India's domestic export incentive schemes, describing it as a "resounding victory" for America's quest for a "level playing field" for its workers.

India Export Subsidies Illegal, Rules World Trade Organisation Panel, Upholds US Case

India News | Reuters | Thursday October 31, 2019

A World Trade Organization (WTO) panel ruled on Thursday that Indian export subsidies are prohibited and should be removed, upholding a complaint brought by the United States.

China Seeks WTO Permission For $2.4 Billion Tariff On US Goods

World News | Agence France-Presse | Monday October 21, 2019

In a statement circulated to WTO members last week, but sent to journalists on Monday, China claimed the penalty was justified given the "United States continued non-compliance" with previous WTO rulings.

China Insists On "Developing Country" Status, Despite Australia Criticism

World News | Press Trust of India | Wednesday September 25, 2019

China, the world's second largest economy after the US, on Wednesday asserted that it is "still a developing country", arguing that it continued to grapple with the problems of inadequate and unbalanced development.

Day After US Hikes Tariffs, China Lodges Trade Complaint With WTO

World News | Agence France-Presse | Tuesday September 3, 2019

China said Monday it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force.

If Protectionism Rises, No One Will Escape Recession: Piyush Goyal

Business | Indo-Asian News Service | Thursday August 22, 2019

The Minister urged all World Trade Organisation (WTO) member countries to take up reforms and not deal with issues in a piecemeal manner.

Won't Let India, China Leverage "Growing Nation" Tag Now: Donald Trump

World News | Press Trust of India | Wednesday August 14, 2019

US President Donald Trump has said that India and China are no longer "developing nations" and were "taking advantage" of the tag from the WTO and asserted that he will not let it happen anymore.