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World Trade Organization

World Trade Organisation WTO slashes forecast for trade growth as conflicts mount

The WTO said it now expected global merchandise trade to increase by 1.2% this year, compared with its April estimate of 2.6%. That growth was 3.0% in 2018. For 2020, growth 2.7% is forecast, down from a previous estimate of 3.0%.

Oct 01, 2019, 16:45 PM IST

Challenges of 7.3 billion people in developing countries should be considered during global trade negotiations: Suresh Prabhu

More than 7.3 billion people living in developing countries should not be deprived of the benefits of growth, said Union civil aviation minister Suresh Prabhu said at World Trade Organization's ministerial meeting of developing countries which concluded in New Delhi on Tuesday. The meeting is taking place at a time when trade tensions show no signs of abating and protectionist tendencies are on the rise which makes it very essential to collectively debate and discuss the way forward in a multilateral framework, added Prabhu.

May 14, 2019, 14:31 PM IST

US wins WTO ruling on Chinese grains; decision likely to affect India

A WTO adjudication panel agreed on Thursday with the US complaint that China had paid farmers too much for wheat, Indica rice and Japonica rice in 2012-2015.

Mar 01, 2019, 08:49 AM IST

Reforms needed in WTO to support better global trade order: Suresh Prabhu

Prabhu said that without WTO, trade, economy will not expand as it is the only organization dealing with global rules of trade between nations.

Nov 19, 2018, 17:50 PM IST

China partially wins WTO case over Obama-era US tariffs

China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind towers, steel cylinders and aluminium extrusions.

Mar 22, 2018, 07:28 AM IST

India rejects US solar claim at WTO, explores new defence

“India underscores that the United States’ request is not a valid request,” a statement from the Indian government said.

Jan 09, 2018, 07:43 AM IST

WTO says global trade rebounding, sees 2017 growth of 3.6%

The rapid acceleration was due to last year`s low base, a resurgence of Asian trade flows and recovering North American import demand.

Sep 21, 2017, 15:42 PM IST

Qatar takes fight with boycotting Arab bloc to trade body

The Gulf nation said late on Tuesday it had filed the grievance with the WTO's dispute settlement body alleging that Saudi Arabia, the United Arab Emirates and Bahrain are violating laws and conventions related to trade.

Aug 01, 2017, 13:06 PM IST

South Korea complains to WTO over China's response to anti-missile system: Minister

China says THAAD will do nothing to ease tensions on the Korean peninsula.

Mar 20, 2017, 09:24 AM IST

Top economies yield to US, drop no-protectionism pledge at G20 summit

The world's top economic powers dropped a pledge to oppose trade protectionism amid pushback from the Trump administration, which wants trade to more clearly benefit American companies and workers.

Mar 19, 2017, 00:03 AM IST

China 2016 economic growth seen slowing to 6.6 percent, 6.5 percent in 2017: Reuters poll

China`s economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in 2017, even as the government keeps up policy support to help ward off a sharper slowdown, a Reuters poll showed.

Oct 17, 2016, 11:16 AM IST

WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call By Tom Miles

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.

Sep 27, 2016, 18:24 PM IST

WTO lowers global trade growth to 1.7% this year

The World Trade Organization has for the third time lowered its global trade growth forecast for this year to 1.7 percent, stating that this slowdown is "serious" and should serve as a "wake-up call" for nations.

Sep 27, 2016, 14:35 PM IST

India loses WTO appeal in US solar dispute

India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.

Sep 17, 2016, 10:22 AM IST

India loses WTO appeal in US solar dispute

India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.

Sep 16, 2016, 21:27 PM IST

Donald Trump says US could pull out of World Trade Organization

Republican White House nominee Donald Trump suggested Sunday that the United States could pull out of the World Trade Organization if he is elected president.

Jul 24, 2016, 23:30 PM IST

WTO talks in Nairobi concludes with breakthrough on farm subsidies; India says 'disappointed' on Doha issues

Know why India has expressed disappointment after conclusion of 10th WTO Ministerial Conference at Nairobi....

Dec 20, 2015, 10:34 AM IST

US calls for overhaul of deadlocked world trade talks

The United States called Monday for a fresh start to break a 14-year deadlock in negotiations to free up world trade in good and services worth some $23 trillion (21 trillion euros).

Dec 14, 2015, 18:30 PM IST

India committed to protecting farmers' interest at WTO: Nirmala

The government on Wednesday said it's committed to protecting interest of its farmers at the World Trade Organization (WTO).

Dec 09, 2015, 18:48 PM IST

WTO members seal trillion-dollar IT trade deal

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

Jul 24, 2015, 10:35 AM IST