“Maitri setu built on Feni River has already been inaugurated and people’s movement through the bridge will start any time. Once the bridge is made operational, the state will have direct access to Chittagong Port in Bangladesh. It will open new possibilities in business and trade through Chittagong Port”, Saha said at the laying of […]
Tripura to be gateway to Southeast countries by using Chittagong Port: Manik Saha
India’s Commerce Minister, Piyush Goyal, was absent at the start of a major World Trade Organization (WTO) meeting in Abu Dhabi, causing concerns about the impact on discussions. Goyal is a key player in the trade negotiations focusing on fisheries and digital trade tariffs. However, WTO Director-General Ngozi Okonjo-Iweala stated that Goyal’s participation delay was […]
WTO backs India’s pitch to cut remittance cost
2 years ago
Separately, Indonesia has backed New Delhi’s proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries.
Piyush Goyal said that India “firmly believes that any measures taken to combat climate change, including unilateral ones, should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade”.
India expresses serious concerns at WTO meeting over trade protectionist measures and their impact on exports to the EU. Issues raised include carbon tax, deforestation regulation, and the need for flexibility in WTO agreements. Speaking at a session on sustainable development and policy space for industrialisation, Commerce Secretary Sunil Barthwal said developing countries require flexibility […]
India considers export tax on low-grade iron ore
2 years ago
India is considering an export tax on low-grade iron ore to meet rising local demand. Small steel producers want restrictions, but the Federation of Indian Mineral Industries opposes it. India’s steel demand is increasing, driven by steel exports from China.
From the outside, it’s easy to think of India as an undifferentiated mass of individuals with leaders who turn up in places such as Abu Dhabi to reject everything the rest of the world suggests. But this is the world’s most complex democracy, and sometimes we just have to wait while it fights its internal […]
India and South Africa have opposed it as it neither has the WTO mandate or its members’ consensus and cannot be brought to the formal process in the WTO. Civil society also called the “attack” on India and South Africa by WTO Director General Ngozi Okonjo-Iweala for opposing the proposed pact “appalling”. “The Director-General has […]
Jewellery, auto exports tap Africa, C Asia
2 years ago
The analysis has shown that India has penetrated into what are termed as “absolutely new markets” in regions such as Africa, Central Asia, Latin America and North America during April-December 2023.
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
2 years ago
The debate at the World Trade Organisation’s meeting revolves around the e-commerce moratorium for digital media providers like Netflix and Spotify. Major decisions require consensus, and four proposals are being considered. The US industry groups are pushing for the renewal of the moratorium.