World Trade Organization

Prime Minister Narendra Modi Attends 25th Foundation Day Of Nasscom

India moves WTO over US doubling visa fees

India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US government.

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Chinese 100 Yuan banknote and the Chinese flag.

China Will Relax Measures on Foreign Investment in High Tech and Green Industry

China will lower threshold for foreign investment and advance the revision on relevant regulation. China targets to attract more foreign investment in the country.

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U.S.-China relations

U.S., China appear to get little done in removing economic barriers

The United States and China urged each other on Wednesday to remove barriers to foreign investment, saying that business ties were vital to overall relations, although they appeared to achieve little beyond rhetoric at a high profile three-day meeting that was overshadowed by security rivalries.

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Cigarettes

UK aims to pass law to ban branding on cigarette packs before May

The British government plans to introduce a law before May forcing tobacco firms to sell cigarettes in plain packets without branding in England, ending years of debate and lobbying.

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Michael Froman

United States says trade holdouts can't keep global deals hostage

New world trade talks had to level the playing field between developed and developing economies on farm support and avoid being held hostage by countries unwilling to open markets, U.S. Trade Representative Michael Froman said in an opinion piece to be published on Thursday.

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The World Trade Organization logo

WTO rules against Argentina in import restrictions case

The World Trade Organization on Thursday rejected Argentina's bid to overturn a ruling in favor of the United States, the European Union and Japan against the South American country's licensing rules used to restrict imports.

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The World Trade Organization logo

WTO talks on duty-free trade in IT goods collapse

Talks on cutting trade tariffs on hundreds of information technology products collapsed on Friday, delaying and potentially scuppering a deal estimated to be worth $1 trillion to global trade.

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The World Trade Organization logo

Trillion dollar IT trade deal on a knife-edge at the WTO

A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday.

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Roberto Azevedo

WTO clinches first global trade deal in its history

The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day's delay following an eleventh-hour objection.

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U.S. President Barack Obama and India's Prime Minister Narendra Modi

Obama will visit India again as ties expand

U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.

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IMF Managing Director Christine Lagarde

Trade engine shifts down just as global growth needs a boost

Policymakers scrambling to keep the world economy from settling into the "new mediocre" of sluggish growth can no longer rely on global trade to do the heavy lifting.

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Shanghai Tower

China August FDI falls to lowest in at least two-and-a-half years

China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy.

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World Trade Organization Ministerial Conference

WTO agrees on first trade reform deal

The World Trade Organization finally agreed on its first global trade deal on Saturday, December 7. The agreement could add nearly USD 1 trillion to the worldwide economy.

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Paracetsmol

India imposes anti- dumping duty on imported paracetamol

Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.

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P.Chidambaram

India reviews preferential policy for local electronic goods

Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.

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