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…
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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…
New Delhi, April 2 (IANS) India has received the ‘best’ US deal among competitors and the country is “sitting in a sweet spot” with the trade pact, Commerce and Industry Minister Piyush Goyal said on Thursday.Addressing the media on the 14th Ministerial Conference of the World Trade Organization (WTO), held recently in Cameroon, the minister said India should get “preferential market access” in the bilateral trade pact signed with the United States.Preferential market access is the excep…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
New Delhi, March 12 (IANS) Trade between the United States and China has dropped to just 2 per cent of global trade, down from 2.7 per cent in 2024, a new report said on Thursday.The latest DHL Global Connectedness Report 2026 highlights a continuing decoupling between the world’s two largest economies even as overall globalisation remains strong.The study, released by DHL in partnership with New York University Stern School of Business, showed that global economic ties remain resilient despit…