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world trade organization

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WTO chief Ngozi Okonjo-Iweala speaks during an interview.(REUTERS / File)

'Disappointed': WTO chief Okonjo-Iweala on EU vaccine export restrictions

Reuters |
PUBLISHED ON MAR 23, 2021 09:24 PM IST
Under the scheme, companies must get authorisation before exporting Covid-19 shots and may have export requests denied if they do not respect their supply commitments with the EU.
China made such comments during a discussion on India’s trade policy at the World Trade Organization.(AFP)
China made such comments during a discussion on India’s trade policy at the World Trade Organization.(AFP)

China rakes up India’s ban on apps, FDI curbs at WTO

By Asit Ranjan Mishra
PUBLISHED ON MAR 09, 2021 05:57 AM IST
  • China said it acknowledges India’s efforts to enhance competitiveness in manufacturing and services sectors through ‘Make In India’ and ‘Digital India’ initiatives but remains concerned that some of the measures are not consistent with WTO principles.
“The Covid-19 pandemic knows no borders and the need for vaccine development and dissemination across the globe is critically important. The TRIPS waiver raised by India and South Africa at the WTO would help the global community move forward in defeating the scourge of Covid-19 by making diagnostics, treatments, and vaccines available in developing countries,” Congressman Rosa DeLauro,(REUTERS)
“The Covid-19 pandemic knows no borders and the need for vaccine development and dissemination across the globe is critically important. The TRIPS waiver raised by India and South Africa at the WTO would help the global community move forward in defeating the scourge of Covid-19 by making diagnostics, treatments, and vaccines available in developing countries,” Congressman Rosa DeLauro,(REUTERS)

Countries urge WTO to destroy US intellectual rights on any Covid-19 innovations

PTI |
PUBLISHED ON MAR 06, 2021 01:14 PM IST
In the letter, Senators Mike Lee, Tom Cotton, Joni Ernst and Todd Young urged Biden to reject the upcoming proposal at the WTO.
Okonjo-Iweala, 66, is both the first woman and the first African to serve as the WTO's director-general.(via Reuters)
Okonjo-Iweala, 66, is both the first woman and the first African to serve as the WTO's director-general.(via Reuters)

New WTO chief pushes for vaccine access, fisheries deal

AP | | Posted by Harshit Sabarwal
PUBLISHED ON MAR 01, 2021 11:41 PM IST
Director-General Ngozi Okonjo-Iweala, a Nigerian economist and former government minister, donned a mask and doled out welcoming elbow bumps as she took up her job at WTO headquarters on the banks of Lake Geneva.
“I am coming into one of the most important institutions in the world and we have a lot of work to do,” Ngozi Okonjo-Iweala said. "I feel ready to go.”(Fabrice Coffrini/Pool/Keystone via AP)(AP)
“I am coming into one of the most important institutions in the world and we have a lot of work to do,” Ngozi Okonjo-Iweala said. "I feel ready to go.”(Fabrice Coffrini/Pool/Keystone via AP)(AP)

WTO's first female director-general arrives for 1st day on job

AP |
PUBLISHED ON MAR 01, 2021 03:57 PM IST
  • Ngozi Okonjo-Iweala, 66, a Nigerian economist and former government minister, donned a mask as she made brief comments to reporters on way into the imposing building on the shores of Lake Geneva on Monday.
A woman receives a dose of the Pfizer/BioNTech Covid-19 vaccine during the first rollout of vaccinations in Australia at the Castle Hill Medical Centre in Sydney on February 21, 2021. (Photo by STEVEN SAPHORE / AFP)(AFP)
A woman receives a dose of the Pfizer/BioNTech Covid-19 vaccine during the first rollout of vaccinations in Australia at the Castle Hill Medical Centre in Sydney on February 21, 2021. (Photo by STEVEN SAPHORE / AFP)(AFP)

African Union backs India's call to waive IP rights on Covid-19 drugs

Reuters |
PUBLISHED ON FEB 25, 2021 05:42 PM IST
South Africa and India, which both manufacture drugs and vaccines, made the proposal at the WTO last year, arguing that intellectual property rules were hindering the urgent scale-up of vaccine production and provision of medical products to some patients.
At Ficci’s International Conference on Pharmaceutical & Medical Device Sector, Piyush Goyal also said that developed countries are under pressure. REUTERS/Denis Balibouse(REUTERS)
At Ficci’s International Conference on Pharmaceutical & Medical Device Sector, Piyush Goyal also said that developed countries are under pressure. REUTERS/Denis Balibouse(REUTERS)

57 countries back India's demand for IPR waiver on Covid-19 vaccine: Goyal

By hindustantimes.com | Edited by Ayshee Bhaduri
PUBLISHED ON FEB 25, 2021 02:49 PM IST
  • In October of last year, India and South Africa proposed a TRIPS waiver for all WTO members to allow greater access to affordable Covid-19 healthcare facilities
India, which is often described as 'World Pharmacy' is supplying vaccines to more than 70 countries on a humanitarian and commercial basis, is spearheading the move to get a TRIPS waiver at the WTO.(AFP/For Representational Purposes)
India, which is often described as 'World Pharmacy' is supplying vaccines to more than 70 countries on a humanitarian and commercial basis, is spearheading the move to get a TRIPS waiver at the WTO.(AFP/For Representational Purposes)

WTO may consider India's proposal regarding IPR waiver on Covid-19 vaccines

ANI |
PUBLISHED ON FEB 25, 2021 10:43 AM IST
If India succeeds in getting the proposed waiver of the agreement on TRIPS, it will reduce the cost of vaccines substantially and enable free flow of medicines, easy technology transfer across the world.
"The global rulebook is outdated. It no longer guarantees a level playing field," Valdis Dombrovskis said, (AFP)
"The global rulebook is outdated. It no longer guarantees a level playing field," Valdis Dombrovskis said, (AFP)

EU to push for greener trade policy, reform at WTO

AFP |
PUBLISHED ON FEB 18, 2021 06:35 PM IST
"Trade policy must fully support the green and digital transformations of our economy and lead global efforts to reform the WTO," EU Executive Vice President Valdis Dombrovskis said.
Nigeria's Ngozi Okonjo-Iweala was appointed February 15, 2021, as the first female and first African head of the World Trade Organization.(AFP)
Nigeria's Ngozi Okonjo-Iweala was appointed February 15, 2021, as the first female and first African head of the World Trade Organization.(AFP)

Ngozi Okonjo-Iweala, new WTO head 'loved' despite mixed record

AFP |
PUBLISHED ON FEB 15, 2021 08:53 PM IST
The development economist spent a quarter-century at the World Bank, rising to be managing director and running for the top role in 2012.
Ngozi Okonjo-Iweala ran against seven other candidates by espousing a belief in trade's ability to lift people out of poverty.(AFP)
Ngozi Okonjo-Iweala ran against seven other candidates by espousing a belief in trade's ability to lift people out of poverty.(AFP)

Nigeria's Ngozi Okonjo-Iweala makes history as head of WTO

Reuters |
PUBLISHED ON FEB 15, 2021 08:43 PM IST
A self-declared "doer" with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work cut out for her at the trade body.
Yoo is dropping her bid to become the next director-general of the World Trade Organization, making it highly likely that the job goes to former Nigerian finance minister Ngozi Okonjo-Iweala, who would become the first woman to lead the organization.(AP)
Yoo is dropping her bid to become the next director-general of the World Trade Organization, making it highly likely that the job goes to former Nigerian finance minister Ngozi Okonjo-Iweala, who would become the first woman to lead the organization.(AP)

South Korea's trade minister drops bid to become WTO chief

AP |
PUBLISHED ON FEB 05, 2021 03:31 PM IST
South Korea’s Ministry of Trade, Industry and Energy said in a news release Friday that its minister for trade, Yoo Myung-hee, will soon tell the WTO she is withdrawing her candidacy.
Chinese and US flags flutter outside the building of an American company in Beijing, China.(Reuters)
Chinese and US flags flutter outside the building of an American company in Beijing, China.(Reuters)

China set to exceed WTO quota in biggest US corn buying spree

Bloomberg |
PUBLISHED ON JAN 29, 2021 11:00 PM IST
The US was already scheduled to ship another 5.9 million tons of corn to China this season before the 6 million-ton purchase this week, USDA data showed. That’s higher than the WTO quota of 7.2 million tons for a calendar year.
British Prime Minister Boris Johnson had insisted the UK would “prosper mightily” even if no deal were reached .(REUTERS)
British Prime Minister Boris Johnson had insisted the UK would “prosper mightily” even if no deal were reached .(REUTERS)

UK, EU reach post-Brexit trade deal to avert chaotic New Year’s split

Brussels | By Associated Press | Posted by Kunal Gaurav
UPDATED ON DEC 24, 2020 08:43 PM IST
The breakthrough came Thursday with just over a week to go until the UK’s split is completed.
Australia's Prime Minister Scott Morrison attends a news conference at Parliament House in Canberra, Australia.(REUTERS)
Australia's Prime Minister Scott Morrison attends a news conference at Parliament House in Canberra, Australia.(REUTERS)

Australian PM says China coal ban would breach WTO rules

Canberra | By Associated Press | Posted by Arpan Rai
UPDATED ON DEC 15, 2020 04:30 PM IST
Prime Minister Scott Morrison was replying to a report in China’s state-owned Global Times newspaper that said Beijing’s main planning agency had given power plants approval to import coal without restrictions, except for Australian coal.
On Tuesday, India imposed a fresh ban on Chinese-origin apps, the fourth time it has done so since the border standoff in Ladakh sector of the Line of Actual Control (LAC) emerged in the open in May. With this, the total number of Chinese-origin apps banned by India has gone up to 267.(AFP File)
On Tuesday, India imposed a fresh ban on Chinese-origin apps, the fourth time it has done so since the border standoff in Ladakh sector of the Line of Actual Control (LAC) emerged in the open in May. With this, the total number of Chinese-origin apps banned by India has gone up to 267.(AFP File)

China says India’s latest app ban order violates WTO rules

Hindustan Times, New Delhi | By Rezaul H Laskar
UPDATED ON NOV 25, 2020 01:14 PM IST
Chinese embassy spokesperson Ji Rong said the Chinese government has always required that overseas Chinese companies “abide by international rules, operate in compliance with laws and regulations and conform to public order and good morals”
The nature of the pandemic, which has sharpened the focus on global public goods, sets this period apart from meltdowns of the 1930s and 2008(AP)
The nature of the pandemic, which has sharpened the focus on global public goods, sets this period apart from meltdowns of the 1930s and 2008(AP)

There is a shift in global trade. But 2020 is not 1930 or 2008 | Analytics

By Manoj Pant
UPDATED ON NOV 16, 2020 07:36 PM IST
The current trade crisis is completely exogenous, driven by government action and the fear of the unknown which has separated buyers from sellers
In a letter to Prime Minister Narendra Modi, the Rashtriya Swayamsevak Sangh (RSS)-affiliate has written that the proposal is the need of the hour as humanity needs access to affordable medical products to effectively respond to the Covid-19 pandemic.(Representational Photo/REUTERS)
In a letter to Prime Minister Narendra Modi, the Rashtriya Swayamsevak Sangh (RSS)-affiliate has written that the proposal is the need of the hour as humanity needs access to affordable medical products to effectively respond to the Covid-19 pandemic.(Representational Photo/REUTERS)

Swadeshi Jagran Manch backs India on waiver of intellectual property provisions

Hindustan Times, New Delhi | By Smriti Kak Ramachandran
PUBLISHED ON OCT 07, 2020 10:37 AM IST
In the communication to WTO, India and South Africa said there were several reports about intellectual property rights hindering the timely provisioning of affordable medical products to Covid-19 patients
US President Donald Trump and China's President Xi Jinping.(Reuters)
US President Donald Trump and China's President Xi Jinping.(Reuters)

US broke trade rules by putting tariffs on China, finds WTO

Geneva/Brussels | By Reuters | Posted by Shivani Kumar
UPDATED ON SEP 16, 2020 07:50 AM IST
The Trump administration says its tariffs imposed two years ago on more than $200 billion in Chinese goods were justified because China was stealing intellectual property and forcing US companies to transfer technology for access to China’s markets.
“With this final move, Airbus considers itself in complete compliance with all WTO rulings,” Airbus said.(Reuters file photo)
“With this final move, Airbus considers itself in complete compliance with all WTO rulings,” Airbus said.(Reuters file photo)

Airbus offers ‘final’ concession to ease jet subsidy dispute

Paris | By Reuters| Posted by: Harshit Sabarwal
PUBLISHED ON JUL 24, 2020 12:29 PM IST
Airbus said it had agreed to pay higher interest rates on government loans it received from France and Spain to help develop its A350 jet, which entered service in 2015.
Roberto Azevedo has submitted his resignation(File photo)
Roberto Azevedo has submitted his resignation(File photo)

WTO to open nominations for next director on June 8

Geneva | By Agence France-Presse | Posted by: Prashasti Singh
PUBLISHED ON MAY 21, 2020 06:38 AM IST
After July 8, candidates will be invited to meet with WTO members, the World Trade Organization said in a statement Wednesday after a decision by its 164 members.
Policemen stop and check ID cards of commuters on the Gurgaon-Delhi border after lockdown in Gurgaon, March 23, 2020(ANI)
Policemen stop and check ID cards of commuters on the Gurgaon-Delhi border after lockdown in Gurgaon, March 23, 2020(ANI)

To mitigate the crisis, rethink role of regulators

By Vivan Sharan
UPDATED ON MAR 24, 2020 11:01 PM IST
Before any intervention, they must demonstrate its economy-wide impact on jobs and investments
While the US and China have contributed most to the delegitimitising of institutions like the WTO, India’s record has been mixed too, especially with the re-emergence of a certain protectionist mindset(AFP)
While the US and China have contributed most to the delegitimitising of institutions like the WTO, India’s record has been mixed too, especially with the re-emergence of a certain protectionist mindset(AFP)

The global trading regime takes another knock

Hindustan Times | By HT Correspondent
UPDATED ON DEC 10, 2019 06:28 PM IST
The collapse of WTO’s appellate tribunal is a reflection of the larger crisis in trade
With the end of the appellate body, expect governments to increasingly pander to domestic interests and adopt protectionist policies. After all, as the adage goes, “when the cat’s away, the mice will play”.(AP)
With the end of the appellate body, expect governments to increasingly pander to domestic interests and adopt protectionist policies. After all, as the adage goes, “when the cat’s away, the mice will play”.(AP)

WTO’s appellate body may die. Global trade will be hit

By Jay Manoj Sanklecha
PUBLISHED ON DEC 03, 2019 06:19 PM IST
Expect member-states to increasingly pander to domestic interests and adopt protectionist policies
The government may impose a provisional safeguard duty of 25 per cent on imports of single-mode optical fibre, used for signal transmission(Bloomberg)
The government may impose a provisional safeguard duty of 25 per cent on imports of single-mode optical fibre, used for signal transmission(Bloomberg)

Govt may impose 25 % safeguard duty on imports of single-mode optical fibre

New Delhi | By Press Trust of India
UPDATED ON NOV 08, 2019 08:11 AM IST
The Directorate General of Trade Remedies (DGTR) , the ministry’s investigation arm, initiated the probe in September following a complaint from the domestic industry.
Earlier Trump tweeted that he looked forward to meeting Indian Prime Minister Narendra Modi at the G20 summit in Japan, but said that for years India had put “very high tariffs against the US.”(AFP File Photo)
Earlier Trump tweeted that he looked forward to meeting Indian Prime Minister Narendra Modi at the G20 summit in Japan, but said that for years India had put “very high tariffs against the US.”(AFP File Photo)

‘In line with WTO rule’: Govt sources rebut Trump’s ‘high tariff’ charge

New Delhi | By Reuters
UPDATED ON JUN 27, 2019 11:44 AM IST
India’s tariffs are in line with the World Trade Organization rules, the government sources said, adding that US tariffs on some items were much higher than India’s.
India’s imports of switchers and routers, totalling $5.7 billion in 2018, were dominated by China and Vietnam, while imports from Japan were worth $52 million, less than 1 percent of the Indian import market.(HT photo)
India’s imports of switchers and routers, totalling $5.7 billion in 2018, were dominated by China and Vietnam, while imports from Japan were worth $52 million, less than 1 percent of the Indian import market.(HT photo)

Japan takes India to WTO over mobile phone import duties

Reuters | By Reuters
UPDATED ON MAY 14, 2019 10:33 PM IST
Japan’s complaint, the first step in a legal dispute, said India had sought to foster domestic production by adjusting various taxes including customs duties, especially since it launched the “Make in India” campaign in September 2014.
India and the United States are squaring up for an exchange of blows on trade issues as space for a negotiated agreement is running out(REUTERS)
India and the United States are squaring up for an exchange of blows on trade issues as space for a negotiated agreement is running out(REUTERS)

India must step in to prevent trade conflicts

Hindustan Times | By HT Correspondent
PUBLISHED ON FEB 11, 2019 07:23 PM IST
Washington seems blind to the fact that in the run-up to a tightly contested national elections, New Delhi would find it politically more expedient to exchange blows than come to a settlement that could be criticised by the opposition
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)

India imposed anti-dumping duty on 99 Chinese products as on Jan 28: Commerce ministry

New Delhi | By Press Trust of India
UPDATED ON FEB 04, 2019 03:24 PM IST
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.
Chinese President Xi Jinping arrives to make his keynote speech for the CEO Summit of the Asia-Pacific Economic Cooperation (APEC) summit in Port Moresby on November 17, 2018.(AFP)
Chinese President Xi Jinping arrives to make his keynote speech for the CEO Summit of the Asia-Pacific Economic Cooperation (APEC) summit in Port Moresby on November 17, 2018.(AFP)

Trade war will produce ‘no winners,’ Chinese President Xi Jinping tells leaders, amid growing dispute with US

By Bloomberg
UPDATED ON NOV 17, 2018 11:41 AM IST
China’s President Xi Jinping said a trade war will produce “no winners” and called for nations to uphold a rules-based order led by the World Trade Organization.
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