Global trade to pickup in 2024 but ‘downward risks’ remain: WTO
Global trade body says volume of world merchandise trade should increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023
Global trade body says volume of world merchandise trade should increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023
Piyush Goyal says India has protected the interest of its farmers and fishermen by not agreeing to the proposals that were seen as harming their interests
Proponents say its purpose is to improve transparency, streamline administrative procedures, and promote international cooperation
The SKM has urged the Centre to exert pressure on developed countries to exclude agriculture from World Trade Organisation discussions.
The US asked India if there's a plan to expand the use of import licensing beyond listed products and whether India carried out a public notice, comment period ahead of publication of the measure
India said the roadmap intends to reinvigorate discussions on the relationship between trade and transfer of EST to developing countries to address climate change.
The decline in trade was attributed to a drop in consumer spending across advanced nations due to persisting geopolitical tensions and monetary tightening induced recessionary fears.
India must bring such measures into conformity with its obligations under the GATT 1994, rules WTO panel
India is taking a leadership role in getting WTO member countries to recognise issues of importance to developing countries and least developed countries.
The WTO has cited global macroeconomic situations such as the Russia-Ukraine crisis, soaring energy prices, and monetary tightening in major economies to be among the reasons for the slowdown.