Page-4 of WTO Current Affairs, GK & News

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 exports. India will be imposing additional customs duties on 29 US products, including almond, walnut ..


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 peace and development. The situation in global politics and economy remains tense. The process of ..



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 Background: On February 2019, in aftermath of Pulwama terror attack for which Pakistan based JeM ..



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 Singapore, Canada and Chinese Taipei had expressed their interest to join the dispute consultation on the ..


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 Members. The Appellate Body can uphold, modify or reverse the legal findings and conclusions of ..