SEARCHED FOR:WORLD TRADE ORGANIZATION
India begins anti-dumping probe into Vitamin C imports from China
Vitamin-C is primarily used by the pharmaceutical’s companies for production of various medicines. The product has uses also in the non- pharmaceutical industry. It is an essential nutrient involved in the repair of tissue and the enzymatic production of certain neurotransmitters found in various foods.
Govt extends anti-dumping duty for 3 months on caustic soda from China, Korea
Directorate General of Trade Remedies (DGTR) had requested for ...
India may impose anti-dumping duty on Choline Chloride imports from China, Malaysia, Vietnam
“The product under consideration has been export...
India asks WTO members to constructively engage for permanent solution to food stockholding
According to statements delivered by Ambassador and Permanent Representative of India to the WTO, Brajendra Navnit, at the meeting of General Council of WTO on July 22-23, a permanent solution to the issue, which is simple and can be used by developing countries, would go a long way in addressing their genuine concerns relating to food security of the most vulnerable sections of the society.
India imposes anti-dumping duty on phosphoric acid from Korea for five years
"The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification...and shall be paid in Indian currency," the Department of Revenue said in a notification. Dumping impacts price of that product in the importing country, hitting margins and profits of manufacturing firms.
How the next chief of World Trade Organization will be chosen and the task ahead
The WTO is a members-driven organisation with decisions reached by consensus among 164 countries. Three WTO ambassadors who chair leading committees will lead the process, seeking to establish which among the eight candidates from Mexico to Moldova, have the widest support.
Departing World Trade Organization chief Roberto Azevedo gets top job at PepsiCo
Roberto Azevedo, who on August 31 will step down as WTO Director-General after seven years at the helm, will the next day become an executive vice president and chief corporate affairs officer with PepsiCo, the US soft drink and snacks giant said in a statement.
Dispute panel against India’s import duties on ICT goods likely on Japan, Taiwan’s request
“The requests of Japan and Taiwan are scheduled for later this month at the Dispute Settlement Body. We can’t block their requests anymore,” said an official. India has blocked their first request last month but can’t do that again, according to the multilateral trade rules.
World Trade Organisation goods trade index hits record low, detects some recovery signs
The barometer reading of 84.5 was down 18.6 points down from the year-ago period. In normal times, it anticipates changes in the trajectory of trade by a few months, but volatility triggered by the pandemic has reduced its predictive value.
US, European Union, others question India on using WTO peace clause
The peace clause protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings are breached. High subsidies are seen to be distorting global trade.
How the next WTO chief will be chosen and the task ahead
U.S. President Donald Trump's "America First" policies have upended the global trading order and presented an existential threat to the WTO. Trump has called the institution "broken" and "horrible".
India initiates probe into alleged dumping of aluminium foil from 4 nations
The applicants have alleged that dumping has impacted the industry and has requested for imposition of the anti-dumping duty on the imports. In a notification, DGTR said that on the basis of prima facie evidence submitted by the applicants, "the authority, hereby, initiates an investigation".
China shares snap rally as experimental vaccines stoke safety concerns
The smaller Shenzhen index ended down 0.91% and the start-up board ChiNext Composite index was weaker by 1.555%.
Asian stocks cheer upbeat data but temper appetite ahead of Fed
"The risk is if we see no new developments since his Jackson Hole shoutout, this could have near-term pressure on yields ticking up, gold and precious metals complex lower, dollar higher and general risk-off in U.S. equities," said Kay Van-Petersen, global macro strategist at Saxo Capital Markets.
India seeks mechanism for dispute resolution to end harmful fisheries subsidies
India has told the World Trade Organization (WTO) that the quality of the text should not be compromised, as the agreement is “rooted on the plank of sustainability” and not trade.