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Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries Commerce and Industry Minister Piyush Goyal has expressed concerns over mis-pricing, under-invoicing and imposition of non-tariff barriers by certain countries as it impacts international trade. He stressed upon building trust among each other and expressed strong belief in small, achievable, incremental steps towards WTO (World Trade Organisation) reform. These issues were flagged by Minister during the 13th BRICS Trade Ministers’ Meeting. BRICS is a grouping of Brazil, Russia, India, ...
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries
Source: Accord Fintech
9/08/2023 12:10:44 PM
G20: Gujarat gears up for Trade and Investment Working Group meeting The third meeting of the Trade and Investment Working Group (TIWG) is scheduled to take place in Kevadia, Gujarat from July 10 to 12 . The meeting will be held at the site of the imposing Statue of Unity and is set to be attended by more than 75 delegates from G20 member countries, invitee nations, regional assemblies, and international organisations. The focus of the three-day meeting is to build consensus on action-oriented proposals put forward by the Indian Presidency. These proposa...
G20: Gujarat gears up for Trade and Investment Working Group meeting
G20: Gujarat gears up for Trade and Investment Working Group meeting
Source: IANS
9/07/2023 1:39:37 PM
Key Stock Ideas : RBI, World Trade Organization - ARETE Securities RBI policy rate decision to be announced today: India's central bank will announce its monetary policy decision at 10am local time. RBI will also hold reverse repo and govt bond auctions and release weekly foreign exchange data. India's ratesetting panel, headed by RBI Governor Shaktikanta Das, may raise the benchmark interest rate by 25 basis points to 6.75 percent, according to 26 of 33 economists in a Bloomberg survey Global trade growth expected to be subpar at 1.7% in 2023:...
Key Stock Ideas : RBI, World Trade Organization - ARETE Securities
Key Stock Ideas : RBI, World Trade Organization - ARETE Securities
Source: ARETE Securities
6/04/2023 10:00:14 AM
India in the global sweet spot, says Piyush Goyal With an all pervasive sentiment of ABC - Anything But China - in the US, India is increasingly the go to country for American business. Commerce and Industry Minister Piyush Goyal said India is in the sweet spot as far as US business is concerned. "Americans are gung ho about India, the whole world in fact is looking at us, agri goods, services; they want more and more engagement with us. The reasons are clearly identified - political stability, emerging power in tech and design, and ...
India in the global sweet spot, says Piyush Goyal
India in the global sweet spot, says Piyush Goyal
Source: IANS
17/09/2022 9:50:02 AM
'India wants bilateral trade relations with countries with which it can increase volume' As India has finalised several free trade agreements (FTAs) with major countries like Australia and the UAE, through which it aims to widen its exports and at the same time seeks to improve its trade volumes, veteran lawyer V. Lakshmikumaran, who holds an expertise in matters related to foreign trade policy apart from all areas of taxation, in an interview with IANS, explains why India is bullish on such trade pacts and the way forward. Here are some excerpts from the detailed interview....
'India wants bilateral trade relations with countries with which it can increase volume'
'India wants bilateral trade relations with countries with which it can increase volume'
Source: IANS
12/09/2022 3:27:59 PM
WTO nears food pledges; India, Egypt, Sri Lanka hold out GENEVA - World Trade Organization (WTO) members sought on Monday to forge agreements on food security to ease strained supply and sharply higher prices that the war in Ukraine have worsened, with only India, Egypt and Sri Lanka withholding support. The 164-member trade body is seeking to reach two agreements at a major meeting of trade ministers this week in Geneva on steps to alleviate a food crisis that threatens the least developed and most vulnerable countries. One would be a d...
WTO nears food pledges; India, Egypt, Sri Lanka hold out
WTO nears food pledges; India, Egypt, Sri Lanka hold out
Source: Reuters
14/06/2022 8:29:54 AM
WTO needs to reassess the way of conducting its affairs: Piyush Goyal The World Trade Organization needs to reassess the way it has been conducting its affairs, said Piyush Goyal, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles. According to Goyal, developed countries should do more and meet their obligations such as providing clean and green technology to achieve the 'Sustainable Development Goals' and achieve climate goals and meet the needs of billions of people. "I can understand a dis...
WTO needs to reassess the way of conducting its affairs: Piyush Goyal
WTO needs to reassess the way of conducting its affairs: Piyush Goyal
Source: IANS
19/11/2021 9:33:04 AM
World Trade Report calls for multilateral trade cooperation amid pandemic shocks The World Trade Organization (WTO) published the 2021 edition of World Trade Report, calling for more multilateral and regional trade cooperation after analyzing vulnerabilities and resilience in the global trading system amid the pandemic. "While the WTO already contributes to economic resilience in important ways, it can and must do more, as we confront a future of increasing natural and man-made risks and disasters," WTO Director-General Ngozi Okonjo-Iweala said on Tuesday in ...
World Trade Report calls for multilateral trade cooperation amid pandemic shocks
World Trade Report calls for multilateral trade cooperation amid pandemic shocks
Source: IANS
17/11/2021 3:56:53 PM
Indian official says there is widespread support at G7 for TRIPS waiver at WTO NEW DELHI - There is widespread support among G7 members on a proposal led by India and South Africa to waive intellectual property rights for COVID-19 vaccines at the World Trade Organisation (WTO), a foreign ministry official told reporters on Sunday. Prime Minister Narendra Modi, in a videolinked address to a G7 summit in Britain on Saturday, sought support for a Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver at the WTO.   (Reporting by Aditi Shah; Editi...
Indian official says there is widespread support at G7 for TRIPS waiver at WTO
Indian official says there is widespread support at G7 for TRIPS waiver at WTO
Source: Reuters
14/06/2021 9:35:44 AM
Patent waiver not enough for vax rollout: WTO chief World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has argued in favour of expanding Covid-19 vaccine production and ending export restrictions, saying that getting a patent waiver would not be enough. She said this when answering a question on what measures are needed to accelerate equitable access to vaccines during a meeting of the European Parliament's Committee on Trade, Xinhua reported. "Getting the Intellectual Property (IP) rights waiver for vaccines wi...
Patent waiver not enough for vax rollout: WTO chief
Patent waiver not enough for vax rollout: WTO chief
Source: IANS
21/05/2021 12:28:48 PM
World trade to grow by 8% in 2021: World Trade Organization The World Trade Organization (WTO) said on Wednesday that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year. The global trade body said prospects for a quick recovery in world trade have improved as merchandise trade expanded more rapidly than expected in the second half of last year. "World merchandise trade volume is expected to increase by 8 per cent ...
World trade to grow by 8% in 2021: World Trade Organization
World trade to grow by 8% in 2021: World Trade Organization
Source: IANS
1/04/2021 9:28:27 AM
US appeals WTO panel report on S Korea over tariffs The US has appealed a World Trade Organisation's panel report in favour of Seoul over Washington's high tariffs on South Korea's steel and power transformer products. The US filed a notice of appeal with the WTO's Appellate Body, a move that left the dispute in limbo as the de facto Supreme Court of international trade has stopped functioning for more than a year. The WTO's Dispute Settlement Body had planned to hold a meeting on Friday to adopt the panel report, but...
US appeals WTO panel report on S Korea over tariffs
US appeals WTO panel report on S Korea over tariffs
Source: IANS
21/03/2021 1:54:24 PM