India, 6 others object to restrictions on services trade, workers’ movement

NEW DELHI: India led seven countries at the World Trade Organization (WTO) in objecting to some nations trying to bring in rules to erect barriers to services trade and cross-border movement of professionals through qualification and licensing requirements, and technical standards. India teamed up with South Africa, Sri Lanka, Tunisia and Zimbabwe on Tuesday and … Read more India, 6 others object to restrictions on services trade, workers’ movement

India’s PSUs should bid for international projects as consortium: Report

NEW DELHI: To enhance their geo-strategic reach, India’s public sector enterprises should bid for international projects as a consortium, work with the government to design WTO-smart subsidies and enhance exports, according to a report. The CII report, titled ‘Can the Indian PSEs enhance their Geo-strategic reach’, presents a roadmap to expand exports and geo-strategic reach … Read more India’s PSUs should bid for international projects as consortium: Report

New foreign trade policy may have simpler export promotion schemes

NEW DELHI: The commerce ministry is considering rationalising and simplifying certain export promotion schemes such as EPCG in the next foreign trade policy, which provides guideline and incentives for increasing shipments, an official said. The ministry is in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the … Read more New foreign trade policy may have simpler export promotion schemes

India, China no longer ‘developing nations’, won’t let them take ‘advantage’ from WTO: Donald Trump

WASHINGTON: 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. Trump, championing his ‘America First’ policy, has been a vocal critic of India for levying “tremendously high” duties on … Read more India, China no longer ‘developing nations’, won’t let them take ‘advantage’ from WTO: Donald Trump

“Will Leave If We Have To”: Donald Trump Threatens To Pull US Out Of WTO

Donald Trump has made the WTO the target of many previous attacks, and threatened before to withdraw Monaca:  President Donald Trump threatened Tuesday to pull the United States out of the World Trade Organization if conditions are not improved. “We will leave if we have to,” Trump told a cheering audience of workers at a … Read more “Will Leave If We Have To”: Donald Trump Threatens To Pull US Out Of WTO

Commerce ministry proposes a new export incentives scheme

NEW DELHI: The commerce and industry ministry has floated a cabinet note for a new export incentives scheme that would be compliant with the World Trade Organization (WTO) norms. The Rebate of State and Central Taxes and Levies (RoSCTL) scheme, which at present is available on export of garments and made-ups, will now be extended … Read more Commerce ministry proposes a new export incentives scheme

Donald Trump Threatens Not To Recognise China’s Special Status At WTO

Trump’s order directs US Trade office to “use all available means to secure changes at the WTO” Washington:  President Donald Trump on Friday threatened to withdraw recognition of the special “developing nation” status of China and other relatively rich countries at the World Trade Organization unless changes are made to the body’s rules. The global … Read more Donald Trump Threatens Not To Recognise China’s Special Status At WTO

Upasi protests against move to reduce rubber import duty

KOCHI: The United Planters’ Association of Southern India (Upasi) has come out strongly against the reported move by the tyre manufacturers to seek nil duty on natural rubber imports. Upasi president A E Joseph said there should not be any tweaking of the import duty currently at 25% or Rs 30 whichever is lower. Any … Read more Upasi protests against move to reduce rubber import duty

PM Modi slams protectionist, unilateral trade moves

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NEW DELHI: Prime Minister Narendra Modi on Friday criticised unilateral and protectionist decisions in trade, seeking instead a rules-based, anti-discriminatory and WTO-led inclusive system that would address the needs and aspirations of stakeholders globally. “We need a rules-based, transparent, anti-discriminatory, open and all-inclusive WTO-centred multilateral trading system focused so that the interests of every country, … Read more PM Modi slams protectionist, unilateral trade moves

Farm groups protest as PepsiCo sues Gujarat farmers for growing potato variety used to manufacture Lays chips

Not for the first time, farmers in Gujarat are in trouble over the question of seeds. Earlier in 2001-02, it was illegal Bt cotton seeds. This time it’s the potato farmers in North Gujarat who are being sued for Rs 1 crore under the Protection of Plant Varieties and Farmers’ Rights Act, 2001, (PPV AND … Read more Farm groups protest as PepsiCo sues Gujarat farmers for growing potato variety used to manufacture Lays chips

Oil import from Iran may be reduced as U.S. mulls waiver

Far from the din of elections, Indian officials are working closely with U.S. officials to ensure that two upcoming deadlines in early May, for the extension of the Iran oil sanctions waiver, as well as the final decision on withdrawing India’s preferential Generalised System of Preferences (GSP) status, end positively for the government, multiple sources … Read more Oil import from Iran may be reduced as U.S. mulls waiver

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