Washington, May 30 (IANS) US President Donald Trump ended a two-hour Situation Room meeting on a proposed Iran agreement without announcing a decision, media reports said.Trump had earlier said he would make a “final determination” on a proposal aimed at extending a ceasefire with Iran, reopening the Strait of Hormuz and launching negotiations over Tehran’s nuclear programme.However, after the meeting concluded, the White House offered no indication that a final decision had been reached.CNN rep…
Latest World Trade Organization News & Updates
New Delhi, May 23 (IANS) India has consistently supported the accession of developing countries and ‘Least Developed Countries’ to the World Trade Organization (WTO), signing the bilateral accession protocol in Geneva in the context of Ethiopia’s accession to the WTO.According to Commerce Ministry, the protocol was signed by Ambassador and Permanent Representative of the Republic of India to the WTO, Dr Senthil Pandian C., on behalf of India, and Ambassador and Permanent Representative of …
New Delhi, May 14 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday held a productive discussion with senior leaders and policymakers from Germany on strengthening India-Germany economic cooperation and advancing the India-EU trade partnership.“The discussions focused on strengthening the business environment, enhancing investment flows, and deepening collaboration across key sectors including textiles, pharmaceuticals, renewable energy, mobility and manufacturing,” Goyal posted…
Seoul, May 7 (IANS) South Korea has called on the international community to jointly respond to the recent spread of trade restrictive measures by major economies in a high-level meeting of World Trade Organization (WTO) member nations, the trade ministry said on Thursday.Kwon Hye-jin, director general for trade negotiations at the Ministry of Trade, Industry and Resources, attended the WTO’s General Council meeting held for two days beginning Wednesday (local time) in Geneva, as the chief repre…
Taipei, May 1 (IANS) Taiwan has accused China of smuggling vegetables into the self-ruled island through Vietnam to avoid import restrictions, with officials pledging to impose a crackdown on a practice they termed “origin washing.” Taiwan, which has prohibited import of over 1,000 Chinese agricultural and fishery products, said companies in China were avoiding restrictions by rerouting vegetables like Napa cabbage and shiitake mushrooms through Vietnam, British daily newspaper, The Guardian rep…
New Delhi, May 1 (IANS) Union Minister of Commerce & Industry Piyush Goyal on Friday informed about a virtual interaction with UK Secretary of State for Business and Trade Peter Kyle to deepen bilateral trade and investment ties.Both leaders explored ways to enhance trade & investment ties, while fully leveraging the India‑UK Comprehensive Economic and Trade Agreement (CETA), the minister said in a social media post.In the previous week, Piyush Goyal had emphasised the importance of a …
New Delhi, April 28 (IANS) Amitabh Kumar, Additional Secretary in Commerce Ministry, urged preserving the World Trade Organization’s (WTO) consensus‑based decision‑making and special and differential treatment for developing countries while warning against rising plurilateral approaches and non‑tariff measures, an official statement said on Tuesday.In a virtual discussion, senior policymakers and experts examined the challenges confronting the WTO’s dispute settlement mechanism, partic…
Washington, April 23 (IANS) Former Rajya Sabha member Priyanka Chaturvedi on Thursday raised concerns over US-India trade negotiations and pushed for greater political representation for women. Speaking at the Hudson Institute’s “New India Conference”, Chaturvedi criticised the manner in which tariff discussions have been handled, particularly in the context of recent US measures.“We were negotiating on a tariff, which was imposed on us… and came to 18 per cent,” Chaturvedi said, ref…
Washington, April 8 (IANS) The United States has sharply criticised the functioning of the World Trade Organization (WTO), with US Trade Representative Jamieson Greer calling it “ineffective and dysfunctional” after the 14th Ministerial Conference failed to deliver meaningful reform, particularly on digital trade rules. In an op-ed published in The Wall Street Journal on Wednesday, following the conference in Yaoundé, Cameroon, Greer said the WTO is no longer a “serious forum” and wa…
Washington, April 8 (IANS) The United States has described its trade relationship with China as “stable” while warning that the global trading system risks becoming “less relevant” if reforms are not undertaken, US Trade Representative Jamieson Greer said.Speaking at the Hudson Institute on Tuesday (local time), Greer said Washington is maintaining a cautious balance with Beijing, avoiding escalation while protecting economic and national security interests.“Right now, the United State…