Page-6 of International Trade
What is the meaning of comparative advantage?
Comparative advantage is elementary to international trade relations. The ability of a nation to produce any commodity at a lesser opportunity cost than its competitors is known as comparative advantage. It is basically a law in economics which refers to ..
India to host mini-ministerial meeting of WTO members in Feb 2018 to revitalize multi-lateral trade body
The mini-ministerial meeting of WTO members from both rich and developing nations is proposed to be hosted by India in February 2018 to revitalize the multi-lateral trade body. The objective of the meeting is to discuss ways to revitalise the ..
India to host meeting of WTO member countries in February on food security and other issues
India will host a meeting of WTO member countries in February 2018 to muster support for food security and other issues. This was stated by Commerce and Industry Minister Suresh Prabhu while speaking at an event organised by Apparel Export ..
Suresh Prabhu leads Indian delegation at 11th Ministerial conference of WTO
The 11th Ministerial conference of the 164-member World Trade Organization (WTO) has started in Buenos Aires, Argentina on December 10, 2017. At the meeting, India is represented by Union Commerce and Industry Minister Suresh Prabhu who will be pushing for ..
India hosted 19th RCEP Trade Negotiating Committee (TNC) meeting
The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17 to 28 July 2017 in Hyderabad, India. RCEP is a proposed comprehensive regional economic integration agreement amongst ..
Union Government imposes safeguard duty on certain steel imports
The Union Government has imposed safeguard duty on import of certain steel products to protect domestic manufacturers from cheap in-bound shipments. It was imposed by the Revenue Department on steel products like hot rolled flat sheets and plates of alloy ..