India to seek exception from World Trade Organisation (WTO) for exports of grain 

India is likely to push for “special carve-outs” in the World Trade Organization (WTO) rules in its ministerial meeting starting June 12. The “carve out rule” allows a country to ship out grains from its official reserves under exceptional circumstances to help address a global food shortage.  At present, WTO rules make it difficult for […]

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Multilateral institutions call for urgent coordinated action on food security

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The Heads of the World Bank Group (WBG), International Monetary Fund (IMF), United Nations World Food Program (WFP), and World Trade Organization (WTO) have called for urgent action on food security. “The world is shaken by compounding crises. The fallout of the war in Ukraine is adding to the ongoing COVID-19 pandemic that now enters […]

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India refrains from imposing anti-dumping duty on certain steel products from China and other countries

India’s government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministry’s investigation arm DGTR had conducted a probe against imports of ‘Cold Rolled/cold reduced […]

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India to seek permanent solution for food procurement and stockholding at WTO

India will push for a permanent solution to the issue of public stockholding for food security purposes at the four-day ministerial meeting of the World Trade Organisation (WTO) in Geneva, starting from November 30. It will also seek a special safeguard mechanism (SSM), along the lines of the one available to developed countries, to protect […]

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India rejects revised draft on WTO’s fishery subsidies; calls it weak and biased in favour of developed nations

India has rejected a revised draft negotiating text on WTO’s proposed fishery subsidies agreement saying it was weak, unbalanced and favours developed nations. India, however, completely supports the proposed pact for disciplining fishery subsidies, but it has to be balanced and gives a policy space for future to developing nations and where fishermen are poor. […]

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India’s share of exports declines among developing countries in 2020: WTO report

India slipped to eighth position in 2020 in terms of its share of merchandise exports among developing economies, according to a World Trade Organization report. India’s ranking translates into a share of 3.6 per cent with respect to top 15 developing economies’ merchandise exporters, lower than its share of 3.9 per cent in 2018 as […]

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