Monday, Dec 09, 2019 | Last Update : 05:44 AM IST

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The signing of the ASEAN Agreement in 2009 further opened up the Indian market to the plantation producing countries like Indonesia, Vietnam, Malaysia, Thailand etc. Under the ASEAN Agreement, the import duties were gradually reduced since 2009 for tea, coffee and pepper while natural rubber, cardamom and a few tariff lines on coffee were kept under exclusion list.

Kochi: Rubber, coffee, tea under threat over RCEP pact

Among the five plantation commodities, natural rubber and pepper have an overall trade deficit, irrespective of RCEP.

19 Oct 2019 2:37 AM

$'They're having their worst year in many, many decades. They're having a supply chain that's being absolutely fractured and broken, which is very bad for them,' Trump told reporters at the White House in response to a question. (Photo: File)$

'China has taken advantage of US and WTO,' says Trump

Trump asserted as a result of his policies the US has created tremendous wealth in this country since he was elected.

05 Sep 2019 1:31 PM

The world's two biggest economies have been embroiled in a bruising year-long trade war which escalated further on Sunday when Washington moved ahead with fresh levy hikes which Beijing had promised to match. (Photo: File)

China lodges WTO trade complaint against US after imposition of fresh tariffs

US's latest levies on imports from China took effect under high-pressure campaign aimed at compelling Beijing to sign a new trade deal.

03 Sep 2019 11:14 AM

The major US complaint against the WTO is about the dispute settlement mechanism as well as the system by which countries declare themselves as developing countries. (Photo: AP)

US being treated more fairly by WTO now, we appreciate it: Trump

Trump has complained of differential treatment received by India, China at WTO, even threatened to pull out of the global organisation.

26 Aug 2019 6:41 PM

On the other hand, China exports $7 billion worth man-made textiles to the US. Even if India manages to grab a portion of these exports and manage to grow by 10 per cent, the $6 billion man-made textile exports will move up to $6.6 billion. However, in order to grab this opportunity, the industry needs support of the government.

Trade war can help MMF exports

Indian MMF exports have been stagnating for the past four years. At $6 billion, the exports had grown by a marginal 1.9 per cent in FY19.

21 Aug 2019 1:50 AM

WTO members agreed to establish panels requested by Brazil, Australia and Guatemala to review India's support measures for the sugar sector. (Representational Images)

WTO to set up dispute settlement panel to review India's sugar subsidy

India has stated that the measures were consistent with its WTO obligations.

17 Aug 2019 10:03 AM

Photo: Representational image

Pakistan faces disappointment at WTO

The country lost the chairmanship of WTO's Committee on Trade and Environment (CTE) and Advisory Centre on WTO Law (ACWL).

04 Aug 2019 4:36 PM

Brazil respectfully requests that the dispute settlement body establish a panel, according to a communication submitted by the South American country to the Geneva-based WTO.

Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy

Brazil has alleged that India has massively increased domestic support under its support regime for sugarcane and sugar.

16 Jul 2019 6:32 PM

India has been providing transport subsidies of between 1,000 rupees (USD 14.59) a tonne to 3,000 rupees a tonne to sugar mills.

India to keep sugar export subsidies even as rivals complain-sources

India’s exports surged to 3.3 million tonnes from 620,000 tonnes a year earlier.

16 Jul 2019 11:22 AM

Global imbalances remain large and persistent and require thorough monitoring and timely policy responses.We further stress the importance of a favourable global economic environment for sustained growth of international trade, the joint statement said. (Photo: AFP | File)

BRICS leaders call for transparent, inclusive international trade

The 5 leaders noted that world economic growth appears to be stabilising and is generally projected to pick up moderately.

28 Jun 2019 6:34 PM

Piyush Goyal said "we believe" that the US decision of withdrawing GSP (Generalised System of Preferences) benefits "is not exactly as per the norms of WTO and GATT which have been mutually agreed and which are multilateral trade agreements". (Photo: File)

India won't bargain national interest in trade talks with US: Goyal

India exported goods worth over USD 6 billion under GSP in 2018.

27 Jun 2019 9:41 AM

The European Union asked India to explain how PM Modi proposed to spend 25 trillion rupees (USD 357.5 billion) on agriculture and rural development, doubling farmers' incomes by 2022 as part of a 100 trillion-rupee, five-year infrastructure splurge. (Photo: File)

'How will this be done?': EU asks India about doubling farmers' income at WTO

US President Donald Trump and Indian Prime Minister Narendra Modi have both made boosting farm incomes a priority.

18 Jun 2019 9:14 AM

India believes that the reform process should not undermine the WTO's fundamental principles, namely, 'Special and Differential Treatment' (S&DT), consensus based decision making and objective of development, said Piyush Goyal. (Photo: File)

WTO reform process should not undermine its basic principles: Goyal

Piyush Goyal said in reform process of the WTO, concerns of all member countries must be accommodated.

11 Jun 2019 10:17 AM

On May 14, Japan dragged India to the WTO over the import duties imposed on certain electronic goods including telephones for cellular networks.

Singapore, Canada seek to join WTO consultations over India's ICT products tariff

According to a communication of WTO, both countries have stated that they have a substantial trade interest in ICT goods.

21 May 2019 3:30 PM

'The logjam in the appellate body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the organisation,' an official statement said quoting the secretary. (Photo: File)

Collapse of WTO's dispute system, imbalance in reform agenda: India

The issues were flagged by India on first day of a meeting of senior officials of 22 members of the WTO.

13 May 2019 2:48 PM

As per the WTO rules, these countries would have to seek approval from India and the EU to join the consultation process.

Canada, Thailand seek to join WTO consultations over India tariff issue

The US, Singapore and Chinese Taipei had also expressed their interest to join consultations in this dispute on Tuesday.

24 Apr 2019 5:01 PM

Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said that the US allegations are completely unfounded.

India is not a tariff king, has right to protect specific sectors under WTO: Experts

US Prez Donald Trump repeatedly claimed India is a 'tariff king' and imposes 'tremendously high' import duties on American goods.

21 Apr 2019 1:46 PM

Talking about the proposed national e-commerce policy, Commerce and Industry Minister Suresh Prabhu said the draft is in the public domain and the ministry would look at all suggestions and views.

India mulls hosting second WTO mini-ministerial meet next month: Prabhu

This meeting assumes significance as several countries are raising questions over the relevance of the global trade body.

05 Apr 2019 4:44 PM

WTO economists expect merchandise trade volume growth to fall to 2.6 per cent in 2019 down from 3 per cent in 2018.

World trade will continue to face strong headwinds in 2019-20: WTO

The preliminary estimate of 3 per cent for world trade growth in 2018 is below the WTO's recent forecast of 3.9 per cent.

03 Apr 2019 8:34 AM

India always maintains that its farm subsidies are well below the WTO's cap of 10 per cent.

India's subsidies to farmers very low as compared to western countries: Wadhawan

European Union, US, have alleged in the World Trade Organization that India provides huge subsidies to its farmers.

27 Mar 2019 4:21 PM

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Sikh couple not allowed to adopt white kids due to race wins UK court battle

An Indian-origin Sikh couple living in the UK has won a landmark court battle after they were racially discriminated against by a local council that did not allow them to go for adoption, reported IANS. (Photo: AP)

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Nation Gallery

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi raise hands together at Arjuna's Penance in Mamallapuram, India. (Photo: AP)

Glimpse of PM Modi, Xi Jinping second informal summit in Tamil Nadu

A child pays tribute to Mahatma Gandhi on his 150th birth anniversary, at Sabarmati Ashram in Ahmedabad. (Photo: PTI)

India celebrates Gandhi's 150th birth anniversary

State Disaster Response Force (SDRF) workers rescue people from flood-affected area of Bahadurpur following heavy monsoon rainfall, in Patna. (Photo: PTI)

Devastating glimpses from Bihar floods

Indian Ganpati on Thursday devotees take out a procession with an idol of elephant-headed god 'Mumbai Cha Raja' of Ganesh Galli to be immersed in the Arabian Sea at Lalbaug in Mumbai. Every year millions of devotees immerse Ganesh idols into oceans and rivers in the ten-day long Ganesh Chaturthi festival that celebrates the birth of Ganesh. (Photo: Debasish Dey)

Mumbai bids adieu to its favourite deity

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Heavy rain lashed Mumbai city, seen in the picture low lying area of Mumbai like wadala under rain flooded water on Wednesday. (Photo: Rajesh Jadhav)

Mumbai drowns again

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