India to Impose Retaliatory Tariff on American Goods

India has decided to impose long-pending retaliatory tariffs on 29 US products. This is seen as India s retaliatory measure against US decision to impose tariffs on Indian goods and withdrawal of the Generalized System of Preferences (GSP) for Indian ..

SCO: Bishkek Declaration

The Bishkek Declaration released at the Shanghai Cooperation Organization (SCO) urged the international community to strengthen global cooperation in efforts against terrorism without politicization and double standards. Countering Terrorism and Promoting Cooperation The declaration called for enhanced cooperation to promote ..

Imports from Pakistan to India decline by 92% in March 2019

Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights ..

Month: Current Affairs - June, 2019

India’s ICT products Tariff Consultations in WTO

The European Union (EU), China, and Thailand have expressed their intent to join consultations in a case at the WTO against India’s import duties on certain information and communication technology products, including mobile phone which was filed by Japan. Earlier ..

WTO Appellate Body and Structural Crisis

World Trade Organization’s (WTO’s) Appellate Body based in Geneva, Switzerland hears appeals in trade disputes. About the Appellate Body WTO’s Appellate Body is a standing body of seven persons that hears appeals from reports issued by panels in disputes brought by WTO ..

India finds OECD’s STR Index faulty

India has found problems with the current methodology adopted by the Organisation for Economic Cooperation and Development (OECD) under its Services Trade Restrictiveness Index (STRI) to rank countries. Key Highlights About: A study commissioned by Indian Ministry of Commerce found ..

Month: Current Affairs - May, 2019