New Delhi, March 30 (IANS) Commerce and Industry Minister Piyush Goyal has emphasised the importance of a balanced and responsive World Trade Organization (WTO) that effectively addresses the needs and aspirations of all members, particularly developing countries and Least Developed Countries (LDCs).Goyal had valuable discussions with Dr. Ngozi Okonjo-Iweala, Director-General of the WTO, as part of engagements at the 14th WTO Ministerial Conference (MC14) held in Yaounde, Cameroon.“Acknowledge…
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New Delhi, March 29 (IANS): Ministers and senior officials attending the WTO’s 14th Ministerial Conference (MC14) in Africa’s Cameroon participated in a series of meetings to address key issues on the WTO agenda and to provide political direction for the post-MC14 work ahead, according to a statement issued by the multilateral body.The ministerial sessions addressed the issues of fisheries subsidies, the Investment Facilitation for Development (IFD) Agreement, the E-Commerce Work Programme and m…
New Delhi, March 28 (IANS) Union Commerce and Industry Minister Piyush Goyal has stressed the importance of consensus-based decision-making and addressing structural imbalances in global trade as WTO members deliberated on reform issues during the second day of the 14th Ministerial Conference (MC14) in Cameroon.Leading the Indian delegation, Goyal said that consensus remains the bedrock of the WTO’s legitimacy and cautioned against undermining the sovereign right of members to not be bound by …
Washington, March 18 (IANS) US lawmakers pushed for a permanent ban on tariffs on digital products ahead of the WTO ministerial, with India’s opposition emerging as a key hurdle.At a Congressional hearing, officials said extending the moratorium on customs duties on electronic transmissions is a top priority. The rule has been in place since 1998.The moratorium bars countries from taxing digital trade such as software, data, and online services.House Ways and Means Committee Chairman Adrian Sm…