World Trade Organisation
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US flouting trade rules by mislabelling products from Hong Kong as ‘Made in China’, says WTO
•The WTO has ruled that labelling imports from Hong Kong as those from China is a breach of trade rules. Donald Trump in 2020 had removed special trading privileges for the city following which US customs authorities said goods produced there could no longer be stamped ‘Made in Hong Kong'
India's G20 Presidency: Significance and challenges as world's biggest economic powers converge on Indian soil
Ajeyo Basu •The 18th G20 Summit will be held from September 9-10 next year in New Delhi. Together, the member nations of the G20 comprise over than 80% of global GDP, 75% of global trade and 60% of the world’s population
WTO members 'fully' agree on all issues, including fisheries subsidies: Report
•The focus of the Indian team at the WTO was to protect the interests of fishermen and farmers. The Indian delegation, headed by Commerce and Industry Minister Piyush Goyal, was continuously getting guidance and direction from Prime Minister Narendra Modi, sources said
WTO negotiations moving in 'positive direction'
•Union Minister Piyush Goyal led the Indian delegation at the 12th World Trade Organisation Ministerial Conference
World Trade Organisation gathers ministers to tackle pressing issues
•With its first ministerial meeting in years, WTO faces pressure to finally eke out long-sought trade deals and show unity amid the still raging pandemic and an impending global hunger crisis
India wants WTO to allow food export from public stock for international aid
•The current WTO norms do not permit a member country to export food grains from public stock holdings as they are subsidised grains
COVID-19 has exposed need for stronger global supply chains, says South Africa President Ramaphosa
•The pandemic has taken an even greater toll on emerging economies already faced with poverty, inequality and underdevelopment, he added.
BRICS Summit: Nations supporting terrorism must be held to account, says Narendra Modi
•In his address, the prime minister also underlined the need for UN Security Council reform as well as multilateral bodies such as the WTO and the IMF
US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules
•The Donald Trump administration has continued to play an active role in the World Trade Organisation, but many of Trump’s biggest trade offensives over the past three years have bypassed the organisation’s rules
India takes US to WTO's safeguard committee for hiking duties on steel, aluminium derivatives
•India has sought consultations with the US, under the WTO's safeguard agreement, against American authorities'' decision to increase import duties on derivatives of steel and aluminium products