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
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 […]
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.
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 […]
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 […]
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.
“Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.
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 […]
India’s basmati rice exports are expected to decrease in 2024 due to increased competition from Pakistan, which is offering the grain at more competitive prices. In 2023, India’s basmati rice exports reached 4.9 million metric tons, just shy of the record high in 2020, leading to record revenue of $5.4 billion. However, Pakistan’s increased production […]