WTO

India's official trade setup is set for a recast with a central trade promotion body, inclusion of private sector in the Indian Trade Service and a trade-focused data ecosystem being planned. The commerce department is being restructured…

In order to achieve the export target of $2 trillion by 2030, the government is planning to reorganise the Department of Commerce. "As part of the restructuring exercise, a dedicated trade promotion body would be set up to devise an…

India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD…

The commerce ministry has recommended imposition of anti-dumping duty on Chinese ofloxacin -- a medicine used to treat certain infections -- for five years to guard domestic players from cheap imports from the neighbouring country.…

India has pitched for a special meeting of the General Council of the World Trade Organization (WTO), before the one scheduled in December, for extending the scope of the Covid-19 vaccine patent waiver to diagnostics and therapeutics. At…

India has not imposed any country-specific ban on imports, Union Minister of Commerce and Industry Piyush Goyal informed Parliament in reply to a question on whether the central government has taken or proposed to take any steps to…

NEW DELHI: The revamp of special economic zones (SEZs) through the Development of Enterprise and Service Hubs(DESH) Bill will come with a fiscal package, including a possible freeze on direct taxes at 15% for units and hubs until 2032…

New Delhi: India and Egypt, along with around 90 other countries have pushed to establish a fairer trading system at the World Trade Organization (WTO) and enhance domestic production amid the severe food and nutrition challenges being…

The Agreement on Fisheries Subsidies (Agreement) agreed at the recently concluded World Trade Organization (WTO) Ministerial meeting will prohibit subsidies from being provided for Illegal, Unreported and Unregulated (IUU) fishing and…

Global tourism is taking flight again. With the pandemic waning, reports about airport chaos have surfaced in the US and Europe, confirming an abrupt rise in international air travel even as hard data on tourist arrivals are only…