Since the process has not yet been completed, we believe that it is in the best interest that we continue this ecommerce moratorium and ensure that if at all it is found to be necessary, there will be discussions at Geneva to see if there are any areas particularly which need to be covered under […]
We have been able to protect India’s interests at WTO: Piyush Goyal
Nepal’s Ambassador to India, Shankar Sharma, praised the Reserve Bank of India’s new guidelines enabling multiple financial services between India and Nepal. Nepali citizens can now send Rs 2 lakh per transaction to Nepal, while walk-in customers can remit Rs 50,000 per transaction. The upcoming Unified Payment Interface-Nepal Clearing House Ltd will further eliminate the […]
FedEx CEO Raj Subramaniam is bullish on India due to its growing GDP, manufacturing sector, talent pool, digitization, and technology ideas. Despite supply chain disruptions, FedEx continues to expand its operations in India and has formed a strategic alliance with Delhivery for extended reach and sustainability initiatives.
Despite extended talks, WTO negotiators in Abu Dhabi failed to reach agreements on major reforms. They did agree to extend a moratorium on tariffs on digital goods until the next ministerial conference, but discussions on e-commerce were stalled by countries like India and South Africa. Disagreements also persisted on dispute settlement, with the WTO’s top […]
Union Minister Piyush Goyal hailed India’s successful navigation of critical issues at the 13th WTO Ministerial Conference, ensuring the protection of farmers and fishermen. Goyal emphasized that India achieved its expected outcomes, safeguarding these sectors from harm. He expressed satisfaction with the conference’s outcomes, highlighting the welcoming of two new member countries. Goyal also stressed […]
The 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi concluded without a decision on a permanent solution for public stockholding of food. The conference also failed to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on e-commerce transmissions by two years. Despite efforts to resolve differences on […]
The meeting of the highest decision-making body of the WTO, which was supposed to conclude on Thursday, entered the fifth day on Friday with key members, including India, the US and EU, holding talks to iron out differences on issues such as agriculture, fisheries subsidies, WTO reforms and duty moratorium on e-commerce trade.
A revised text on agriculture circulated in the afternoon offered two options either adopting a permanent solution at the MC13 or members intensify negotiations at the committee of agriculture to arrive at a permanent solution for food security purposes available to all developing country members.
India calls for re-examination of customs duties moratorium on e-commerce at WTO. Developing countries losing $10 billion annually. India opposes extension, facing $500 million loss each year. Policy options needed for digital industrialisation. Discussions at 13th Ministerial Conference.
India’s Gem and Jewellery Export Promotion Council (GJEPC) and global diamond trade bodies have raised concerns about the G7 bloc’s demand to route rough and polished diamonds through Antwerp for certification as non-Russian. The ban, part of sanctions imposed on Russia since the Ukraine war, will extend to diamonds weighing 0.5 carats and above from […]