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WTO Predicts Slowdown In Global Trade Volume Growth In 2023

As per WTO, world trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023 as multiple shocks weigh on the global economy.

07 October 2022

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After Nine Year Negotiations Gap, WTO Agrees On All Issues Including Fishery Subsidies

It was in 2013 at the Bali ministerial conference of the WTO, that the member countries inked the trade facilitation agreement to promote the seamless movement of goods across the global borders.


Special And Differential Treatment Is Non-Negotiable Right For All Developing Nations: Goyal

Goyal also pitched for resumption of smooth functioning of the appellate body of the WTO's dispute settlement mechanism


American President Joe Biden

US Lawmakers Urge Biden To Hold India Responsible In The WTO For Its "Trade-Distorting Practices"

12 US Lawmakers have urged President Biden to file a formal request for consultation, discussing India's recent trade practices and initiatives.

02 July 2022

WTO Talks On Day 4: Hectic Parleys On To End Impasse

Commerce and Industry Minister Piyush Goyal on the proposed fisheries subsidies agreement has said that the country wants a transition period of 25 years as it provides subsidies to support poor fishermen who are engaged in...


Explained | Why India Rejected Text On Fishery Subsidy At WTO Ministerial Conference

Goyal said, “For every fisher family, India gives barely a $15 subsidy in a year. On the other hand, there are countries that give as high as $42,000, $65,000, and $75,000 to one fisherman's family

15 June 2022

India Fully Protected Interests Of Farmers, Fishermen At WTO Meet: Piyush Goyal

Members of the Geneva-based WTO on June 17 secured a 'Geneva Package' which included agreements on curbing harmful fishing subsidies and a temporary patent waiver for the production of COVID-19 vaccines

19 June 2022

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WTO Meet Likely To Be Extended For One Day

Member countries of the organization have gathered here to finalize an agreement on disciplining subsidies to promote sustainable fishing, and a package in response to the Covid-19 Pandemic.

15 June 2022

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15 June 2022
One Cannot Tread The Path Of Trade On An Empty Stomach: Piyush Goyal At WTO Meet

One Cannot Tread The Path Of Trade On An Empty Stomach: Piyush Goyal At WTO Meet

Goyal said that it is possible to find the solution as there are well-established and proven mechanisms available and documents are on the table which can be...


15 June 2022
India Rejects Text On Fisheries Subsidy Negotiations At WTO Meet

India Rejects Text On Fisheries Subsidy Negotiations At WTO Meet

For every fisher family, India gives barely a $15 subsidy in a year. On the other hand, there are countries that give as high as $42,000, $65,000 and $75,000...


15 June 2022
We Are Getting Completely Half-Baked Deal On TRIPS Waiver Proposal: Piyush Goyal

We Are Getting Completely Half-Baked Deal On TRIPS Waiver Proposal: Piyush Goyal

The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPs came into effect in January 1995. It is a multilateral agreement on...


14 June 2022
WTO Should Allow Food Exports From Public Stock To Help Countries In Need: Piyush Goyal

WTO Should Allow Food Exports From Public Stock To Help Countries In Need: Piyush Goyal

The United Nation's World Food Programme works in over 120 countries and territories to supply life-saving food to people displaced by conflict or made...


14 June 2022
For India, Response To Pandemic Would Not Be Complete Without TRIPS Waiver: Piyush Goyal

For India, Response To Pandemic Would Not Be Complete Without TRIPS Waiver: Piyush Goyal

The main elements of the text, which is under negotiations for the WTO's response to the pandemic, include the TRIPS waiver proposal, food security, how trade...


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13 June 2022
Blocking Subsidy To India's Fishermen To Affect Millions Of Fishers, Their Families

Blocking Subsidy To India's Fishermen To Affect Millions Of Fishers, Their Families

Developed members of the World Trade Organization (WTO) are pushing to eliminate subsidies under the proposed fisheries subsidies agreement, which is under...


13 June 2022
G-33 Members Must Work Together For Fair, Balanced Outcome At WTO: Piyush Goyal

G-33 Members Must Work Together For Fair, Balanced Outcome At WTO: Piyush Goyal

He also said that it would have been better if the Director-General of the World Trade Organisation (WTO) was present at this meeting to hear the concerns of...


13 June 2022
WTO Have Let People Of Least Developing Nations Down: Piyush Goyal

WTO Have Let People Of Least Developing Nations Down: Piyush Goyal

Goyal is leading the Indian delegation for the 12th Ministerial Conference (MC) of the WTO. MC is the highest decision-making body of the WTO, and it is...


13 June 2022
To Rebuild Trust, Credibility, We Must First Address Mandated Issues: Piyush Goyal To WTO

To Rebuild Trust, Credibility, We Must First Address Mandated Issues: Piyush Goyal To WTO

He said that the Covid-19 pandemic has exposed the inability of the world to promptly respond to any crisis, whether on food security or health, economic...


09 June 2022
Currency Account Deficit Likely To Touch Three-year High At $43.8 Billion In FY22

Currency Account Deficit Likely To Touch Three-year High At $43.8 Billion In FY22

The improvement in the key numbers are due to the remarkable improvement in merchandise exports in FY22, when it grew 42.4 per cent as against a negative 7.5...


07 June 2022
Within Three Decades Of Its Existence What’s Killing WTO

Within Three Decades Of Its Existence What’s Killing WTO

The rise in the number of regional trade treaties and bilateral FTAs recently has left a question ark over the role and future of World Trade Organization


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31 May 2022
WTO Fights For Survival

WTO Fights For Survival

The rise in the number of regional trade treaties and bilateral FTAs recently has left a question mark over the role and future of World Trade Organization


06 March 2022
India Suggests Holding Discussions At WTO On Role Of E-commerce During Covid-19 Pandemic

India Suggests Holding Discussions At WTO On Role Of E-commerce During Covid-19 Pandemic

WTO is a 164-member multilateral body that formulates rules for global exports and imports and adjudicates disputes between two or more than two countries on...


22 October 2021
EAM S Jaishankar Meets WTO Director, Vice President European Commission

EAM S Jaishankar Meets WTO Director, Vice President European Commission

Union External Affairs Minister S Jaishankar had a meeting with WTO Director Ngozi Okonjo-Iweala and Vice President European Commission Frans Timmermans.


21 January 2021
WTO Report Supports Narendra Modi’s Farm Laws

WTO Report Supports Narendra Modi’s Farm Laws

The Indian laws aim to protect and empower farmers, stated the report, in a manner so that they can engage with the various stakeholders


07 January 2021
India Undertook Bevy Of Measures To Boost Trade During 2015-20: WTO

India Undertook Bevy Of Measures To Boost Trade During 2015-20: WTO

The national trade policy instruments include tariff, export taxes, minimum import prices, import and export restrictions, and licensing


05 December 2020
Taste The Thunder (Of Globalisation)

Taste The Thunder (Of Globalisation)

In Oklahoma, a fringe terrorist inaugurates a new hell. In Bangalore, a KFC outlet is under siege. How are the two linked? Because economics and politics...


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