11 January, 2016
WTO members recently concluded their 10th Ministerial Conference in Nairobi by securing historic agreements on a series of trade initiatives. Centrepiece of the Nairobi Package is a Ministerial Decision on Export Competition, including a commitment to eliminate subsidies for farm exports. Under the decision, developed members have comm...
13 October, 2015
The Supreme Court of India has held that Anti-dumping duty is not imposable on imports made during the period after the expiry of the provisional anti-dumping duty and before imposition of the final/definitive anti-dumping duty.
The Apex Court held that incorporation of provisional duty in the final duty, in the manner ...
11 August 2015
USA went through a long drawn battle to protect its COOL (Country Of Origin Labelling) measures which were held to be protectionist and discriminatory. It seems to have inspired rather than deterred Australia from introducing its own labelling requirements. The proposed reforms to the existing rules include two aspects – whether the food was grown or made in ...
8 June, 2015
India’s trade policy is under review by the WTO for the sixth time. According to the report by the WTO’s Secretariat, though India continued its efforts to liberalize and facilitate trade, its tariff structure remains complex. It further states that the trade regime is less predictable as constantly notifications are being issued by DGFT ...
11th December, 2014
India achieved a significant victory at the WTO on December 8, 2014, as the Appellate Body has held that the Countervailing Duty (CVD) measures imposed by the United States against certain Hot Rolled Carbon Steel Flat Products are inconsistent with the provisions of the Agreement on Subsidies and Countervailing Measures (ASCM) of the WTO.
The Appellate Body has emphatic...
6 November, 2014
The recently released World Trade Report traces the growth of world trade through the world war eras and varying perceptions to protectionism and identifies four main trends which are of current importance -the rise of new economic powers, the spread of global value chains, the growing importance of commodities trade, and the deepening integration and volatility of the world ...
7 August, 2014
India’s food security programme has been in focus in WTO since the Bali Session and thereafter till 31-7-2014. Much of the recent debate revolved around why India should not link the Trade Facilitation Agreement (TFA) with the Ministerial Declaration on public stockholding for food security purpose.
Earlier India and other developing nations had put forth a proposal to amend ...
7 August, 2014
English and Spanish texts of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (Agreement on Customs Valuation) are set to be amended.
According to the document (Reference: WLI/100) dated 28-7-2014 circulated in WTO, the proposal is to remove a conjunction “and” between the words “work” and “plans” and add a comma between the wo...
4 June, 2014
The WTO released its Annual Report on 28-5-2014. Not surprisingly, the ‘Bali Package’ has been highlighted as an important milestone in negotiations. The WTO is now 159 member strong – notable new entrants being, Russia, Laos and Tajikistan. Yemen is also joining the WTO to take the tally to 160.
On dispute settlement, the report states that although the number fell as compared...
19 March, 2014
The Dispute Settlement Body (DSB) of the World Trade Organisation (WTO) has issued its annual report elaborately explaining its procedures and working, while also thoroughly summarizing the reports circulated in year 2013.
Appellate Body work to increase in 2014
As per the report, the overall average of panel reports that have been appealed during the period 1995 to 2013 i...
9th December, 2013
Bali witnessed a meeting of minds and WTO members managed to agree on certain items of the vast agenda which was on the table. The relaxation in respect of public stock-holding of food grains for food security by members, trade facilitation and Preferential Rules of Origin for LDCs are some of the highlights.
Agreement on public stock holding for food security
22 May, 2015
Canada submitted its views as third party on the issue of plain packaging measures introduced by Australia as regards tobacco products. The Australian High Court had upheld the validity of the statutory provisions which mandate all cigarettes packets and cartons to be uniform or in identical colours with about 25% of the surface being available to display compan...
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