WTO members including the US question India on several subsidy schemes

World Trade Organization (WTO) members, especially the US, have questioned India on various subsidy schemes like RoDTEP, a key export tax refund scheme, Agriculture Infrastructure and Development Cess (AIDC), subsidy on crop loans, import duty on cotton and ban on onion exports.  Seeking “an update on the operational status and guidelines” of the Remission of […]

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India likely to impose anti-dumping duty on certain kind of steel imports from few countries

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The government of India is likely to impose anti-dumping duty for five years on certain type of steel products from few countries, including Japan and Korea, to guard domestic players from cheap imports on recommendation from the Commerce Ministry. According to a notification by the ministry’s investigation arm DGTR, the duty “is recommended to be imposed for […]

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India questions WTO members for providing huge subsidies resulting in “overfishing”

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Member countries of the World Trade Organization (WTO) that have provided “huge” subsidies for “unsustainable” fishing should first take the responsibility of significantly cutting down those “harmful” support measures which are leading to overfishing, the Indian government said at a meeting of the NGR (negotiating group on rules) on fisheries subsidies negotiations held on November […]

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India to probe into alleged dumping of LDPE from 6 countries

India has started a probe into the alleged dumping of low-density polyethylene (LDPE) from six countries, including Singapore and the US, following a complaint by an industry association. The Chemicals and Petrochemicals Manufacturers Association on behalf of the domestic industry has filed an application before the commerce ministry’s investigation arm DGTR for initiation of an […]

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India to bid for hydrocarbon projects in Argentina; also to sign an agreement on Lithium

Argentina has invited companies from India to participate in the oil and gas exploration bidding rounds likely to be organized by the Argentine provinces. Additionally, India and Argentina are also having talks to implement an agreement in the field of lithium signed between the Indian company KABIL and Argentine JEMSE in July 2020. KABIL (Khanij […]

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India to continue anti-dumping duty on Chinese Synthetic Rubber

India’s commerce ministry has recommended for continuation of anti-dumping duty on a Chinese synthetic rubber for five more years with a view to guard domestic players from cheap imports. In a notification, the ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has said there is a “likelihood” of continuation of dumping of Fluoroelastomer and injury […]

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Proposal to ease Intellectual Property rules for COVID-19 between India and South Africa discussed at WTO meet

As many as 40 members of the Geneva-based World Trade Organization (WTO) have discussed a proposal submitted by India and South Africa for relaxing certain provisions in intellectual property (IP) agreement with a view to contain the COVID-19 pandemic, PTI reports. Earlier this month, India and South Africa had submitted a proposal suggesting a waiver […]

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World trade to decline 9.2% in 2020 due to pandemic, seen rising by 7.2% next year, says WTO

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The World Trade Organization (WTO now forecasts a 9.2% decline in the volume of world merchandise trade for 2020, followed by a 7.2% rise in 2021, estimates that are subject to an unusually high degree of uncertainty since they depend on the evolution of the pandemic and government responses to it. Current data suggests a […]

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