Page-5 of WTO Current Affairs, GK & News

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 that OECD index, the STRI has a several problems associated with it, which also includes ..

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India to host WTO Ministerial Meeting of Developing Countries

India will be hosting a World Trade Organisation (WTO) Ministerial meeting of developing countries in New Delhi on 13-14 May 2019. The aim is to discuss various challenges being faced by multilateral rules-based-trading system. Key Highlights of Meeting Participants: includes Six Least Developed Countries (LDC), namely Benin, Bangladesh, Central African Republic (CAR), Chad, Uganda, Malawi. ..

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CBIC organises meeting of WCO’s Asia Pacific Region

Central Board of Indirect Taxes and Customs (CBIC), under Ministry of Finance is organising a meeting of Regional Heads of Customs Administration of Asia Pacific Region of World Customs Organisation (WCO) in Kochi (in Kerela) from 8th to 10th May, 2019. As India currently holds seat of Vice Chairperson of Asia Pacific region (assumed on ..

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Centre increases Wheat Import Duty by 40%

With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help offtake of domestically produced grain by discouraging milers to import wheat but to buy local produce and help protect farm prices. The oversupply in domestic market due ..

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India seeks to push reforms at WTO

The Ministry of Commerce and Industries is arranging a mini-ministerial meeting of developing countries on May 13-14 to discuss the future of the multilateral body, World Trade Organisation (WTO) and the development agenda. India is expected to invite close to two dozen countries for discussions on May 13-14. It is second such initiative undertaken by ..

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