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G-20 pledge to roll back protectionist measures by 2018-end

G-20 leaders, including those from India, the US and China, Monday promised to roll back protectionist measures by 2018-end and ensure rule-based and transparent multilateral trading system with WTO for global growth.

G20 determined to combat 'populist backlash' on trade: IMF

G20 determined to combat 'populist backlash' on trade: IMF

G20 leaders resolved to combat a "populist backlash" against global trade, and highlight the benefits it has brought including lifting millions out of poverty, IMF's Christine Lagarde said Monday.

WTO cuts 2016 global trade forecast to 2.8% on China slowdown

WTO cuts 2016 global trade forecast to 2.8% on China slowdown

In September, the WTO estimated that global trade would rise by 3.9 percent this year, but lowered that projection to 2.8 percent, in an updated forecast.

India for logical conclusion of DDR; open to joining APEC: FM

As one of the fastest growing economies, India views global trade as win-win option and favours "logical conclusion" to the Doha round as also being open to the idea of joining the APEC, Finance Minister Arun Jaitley said on Thursday.

China behind global trade slowdown in 2015: World Bank

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday.

WTO meet starts; India, China press for Doha round conclusion

WTO meet starts; India, China press for Doha round conclusion

Trade ministers of as many as 47 countries, including India, China and several African nations, Tuesday asked the WTO members to "redouble" efforts to conclude pending issues of the long-stalled Doha Round.

Commerce Ministry trying to improve exports of all commodities

The Commerce Ministry was giving "importance" to overall industrial development and was trying to improve exports of all commodities, its Minister Nirmala Sitharaman said Friday.

 

WTO lowers global trade growth forecast to 2.8% for 2015

WTO lowers global trade growth forecast to 2.8% for 2015

Multilateral body WTO Wednesday lowered its trade growth forecast to 2.8 percent from 3 percent for this year due to falling import demand and lower commodity prices in the global market.

India Ratings retains negative outlook on shipping sector

Citing weak global trade growth and persistent overcapacity, India Ratings and Research (Ind-Ra) has maintained a 'negative-to-stable' outlook for the shipping sector for the current financial year.

High standard products important to access discerning markets: Kher

The government on Thursday asked the industry to manufacture and fix high standard for accessing discerning markets and enhance competitiveness of goods.

India concerned over pace of deciding agenda for next WTO meet

India on Tuesday expressed concern over slow progress in finalising the agenda for the Nairobi ministerial meeting of WTO members in December to resolve pending issues of Doha round.

Chinese exports facing mounting pressures: Govt

Amid slow recovery of the global economy and some countries resorting to currency depreciation, China Tuesday said it is facing mounting challenges like boosting its declining exports this year.

FTP proposes new institutions to boost global trade

The new Foreign Trade Policy unveiled today proposed setting up of a host of institutions, including Trade Council and National Committee on Trade Facilitation, to improve India's share in global trade and implement of WTO obligations.

Govt nod for signing pact on dry ports of global importance

The Cabinet on Tuesday gave a go-ahead to the proposal to sign an inter-governmental agreement on Dry Ports of International Importance, a move aimed at promoting global trade.

RBI Governor Raghuram Rajan wants more globalisation

Reserve Bank of India Governor Raghuram Rajan cautioned "large rich countries" against turning their back on globalisation, while saying he was keen for India to start "setting the agenda" in policy debates with other countries.

WTO members discuss way forward to resolve global trade issues

More than 21 WTO members, including China and the US, have expressed their readiness to engage constructively for a clearly defined work programme by July to address remaining Doha issues.

Slow growth in global trade, says World Bank

In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said.

WTO talks on duty-free trade in IT goods collapse

"This is potentially an enormous deal. We missed an opportunity here this week to conclude," US Ambassador Michael Punke told reporters at the World Trade Organization (WTO).

US welcomes historic WTO deal with India on board

"The WTO has taken a critical step forward by breaking the impasse that has prevailed since July," US Trade Representative Michael Froman said in a statement.

WTO clinches first global trade deal in its history

The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day`s delay following an eleventh-hour objection.