WTO News

TFA seeks to simplify Customs procedures and rules, increase transparency and reduce transaction costs for traders.

Issues related to WTO, solar energy and visas are expected to figure at a meeting between senior trade officials of India and the US in the national capital on Wednesday.

The government is working on internal processes to ratify WTO's trade facilitation agreement (TFA), which looks to ease Customs procedures to boost trade, a senior commerce ministry official on Friday said.

Major exporters of information technology on Friday agreed to cut global tariffs on more than 200 products, in the first such deal struck by the World Trade Organization in nearly two decades.

Nasscom Friday said there was a need to protect the country's interests in services and technology even as WTO members ratified the need to change the 18-year old Information Technology Agreement (ITA).

Developing countries including India are making all efforts in the WTO for a positive outcome on the food security issue, parliament was informed Friday.

World Trade Organization (WTO) members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment.

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

The WTO members imposed 104 new trade-restrictive measures during seven months to May, which the world trade body said was cause of "concern".

India is working with the WTO members to ensure an early permanent solution on the food security issue, parliament was informed Wednesday.

World trade negotiators seeking to eliminate tariffs on information technology (IT) products agreed over the weekend to expand the list of items covered.

World trade grew by a modest 0.7 percent during January-March quarter of this year, the World Trade Organisation (WTO) has said.

The G-20 economies witnessed a "slight deceleration" in application of new trade-restrictive measures, with average number of such steps imposed per month falling to the lowest since 2013, a WTO report said Monday.

Bangladesh and India will fix the transit fees as per WTO rules in exchange for facilitating connectivity for India's land-locked northeastern states, Finance Minister AMA Muhith has said.

The US posed a salvo of questions to India on its domestic support programmes, including its cotton policies, minimum support price, public stockholding for food security purposes and landholding pooling by Indian farmers, in a meeting at the World Trade Organisation (WTO) here.

India has lost a case at the WTO, with an appellate body at the global trade organisation Thursday ruling that Indian ban on American poultry product imports was "inconsistent" with the international norms.

Tax treaty benefits are prompting investors to route their investments from Mauritius into India, WTO has said.

India is streamlining its Customs procedures and implementing trade facilitation, but the country's import structure still remains complex, WTO has said.

India has a robust legal framework and it has always been on the side of the law with regard to intellectual property right (IPR) matters and fully compliant with WTO on the issue, Commerce Minister Nirmala Sitharaman said on Saturday.

Trade ministers from 21 Asia-Pacific countries Sunday issued strong support to the World Trade Organization's efforts to boost global trade amid a flurry of regional free trade agreements.