Page-9 of WTO
Union Government constitutes National Committee on Trade Facilitation
The Union Government has constituted a National Committee on Trade Facilitation (NCTF) to develop the pan-India road map for trade facilitation. It has been constituted in line with the World Trade Organisation (WTO’s) Trade Facilitation Agreement (FTA), which India also ..
Month: Current Affairs - August, 2016
India ratifies Trade Facilitation Agreement of WTO
India has formally ratified the WTO’s (World Trade Organisation) Trade Facilitation Agreement, which aims at easing customs procedures to boost commerce. In this regard, India’s WTO ambassador Anjali Prasad handed over the instrument of acceptance to WTO Director-General Roberto Azevêdo. ..
Month: Current Affairs - April, 2016
WTO cuts 2016 global trade forecast to 2.8%
The World Trade Organization (WTO) has revised its 2016 global trade updated forecast for 2016 downward by more than one percentage point to 2.8% from 3.9%. The main reasons for cutting the forecast rate is slowdown in China and broad ..
Month: Current Affairs - April, 2016
India losses solar case against US at WTO
India has lost solar case against United States at the World Trade Organisation (WTO) for in breaching of international trade rules. In this regard, WTO’s Dispute Settlement Body (DSB) ruled that India’s domestic content requirement for National Solar Mission (NSM) ..
Month: Current Affairs - February, 2016
Afghanistan becomes 164th member of WTO
Afghanistan has become 164th member nation of the World Trade Organisation (WTO), global trade body after 11 years of negotiations. WTO has formally approved Afghanistan’s membership proposal at its ongoing 10th ministerial conference in the Nairobi, Kenya. In this regard, ..
Month: Current Affairs - December, 2015
India raises concerns over massive subsidization of farm sectors by developed countries at WTO meet
India has raised concerns over massive subsidization of farm sectors by developed (rich) countries. These concerns were raised Union Minister for Commerce and Industry Nirmala Sitharaman during the 10th Ministerial Conference of the World Trade Organisation (WTO) in Nairobi, Kenya. ..