New Delhi, March 29 (IANS) Commerce and Industry Minister Piyush Goyal met Maros Sefcovic, European Commissioner for Trade and Economic Security, on the sidelines of the 14th Ministerial Conference (MC14) of the World Trade Organisation (WTO) in Cameroon, and reviewed progress on the India-EU free trade agreement (FTA).Both the leaders deliberated on key priorities under the MC14 agenda and “reviewed progress on the ongoing work towards the signing of the India-EU FTA, as announced by PM Naren…
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New Delhi, March 28 (IANS) Union Commerce and Industry Minister Piyush Goyal said on Saturday that India has adopted a balanced and people-centric approach to fisheries governance while participating in deliberations at the 14th Ministerial Conference (MC14) of the World Trade Organisation (WTO) in Cameroon.Sharing details on social media platform X, Goyal said he addressed the Ministerial Session on Fisheries Subsidies, highlighting that fisheries in India are a vital source of livelihood and f…
New Delhi, March 25 (IANS) The European Union will take up the issue of China dumping cheap goods in Europe, which is harming local industry, at a meeting of the World Trade Organisation (WTO) this week, EU Commissioner for Trade and Economic Security Maros Sefcovic told journalists.Sefcovic said he will demand serious reform of the WTO during a meeting in Cameroon this Thursday and make it crystal clear that China’s economic rise has meant the global trade environment has dramatically changed…
New Delhi, March 7 (IANS) The government will restore full benefits under the export support scheme Remission of Duties and Taxes on Exported Products (RoDTEP) from April 1, according to exporters’ body Federation of Indian Export Organisations (FIEO) on Saturday.The move is expected to provide much-needed support to the exporting community, which has been dealing with multiple global challenges.“The assurance was given by the Directorate General of Foreign Trade during a meeting with the ex…
New Delhi, Feb 26 (IANS) The Central Board of Indirect Taxes and Customs (CBIC), along with the Permanent Mission of India to the WTO in Geneva, organised special sessions on trade on the sidelines of the meeting of the Committee on Trade Facilitation at the World Trade Organisation (WTO) in Geneva, according to an official statement issued on Thursday.The event on Tuesday comprised two focused sessions on trade facilitation and capacity building, highlighting India’s transformative reforms un…
New Delhi, Feb 21 (IANS) As US Supreme Court struck down President Donald Trump’s use of emergency powers to impose sweeping “reciprocal” tariffs, analysts said on Saturday that roughly 55 per cent of India’s exports to the US is likely to be subjected to Most Favoured Nation (MFN) tariffs, instead of 18 per cent duties (which have now been lowered to 10 per cent).MFN tariffs are the base rates the US applies to all World Trade Organisation (WTO) members and the average US MFN tariff on …
New Delhi, Feb 4 (IANS) Experts on Wednesday welcomed the United States’ decision to reduce tariffs on Indian imports and exports to 18 per cent, saying the move will strengthen bilateral trade and provide major relief to the textile industry.Speaking to IANS, agricultural economist Dr R.S. Ghuman said that under the World Trade Organisation (WTO) framework, such high tariffs should ideally not be imposed, as they restrict the potential of bilateral trade.“With tariffs now reduced to 18 per …