India to ratify WTO trade facilitation pact: Commerce Secretary
Trade Facilitation Agreement (TFA), which was concluded by the WTO in Bali in 2013, aims at easing customs procedures to boost global commerce. Sources: PTI Teaotia also said that WTO members should move forward on liberalising the services sector as the segment assumes key importance for developing countries like India.India has completed most of the consultation process related with the WTOs trade facilitation agreement and the government is expected to ratify it at the earliest. Trade Facilitation Agreement (TFA), which was concluded by the WTO in Bali in 2013, aims at easing customs procedures to boost global commerce. Commerce Secretary Rita Teaotia said the agreement is important for boosting trade, simplifying customs rules and reducing the cost of trading. We are fully committed to ...
India to insist for safeguard tool against import surge at WTO
Himanshu Vatsa | The Dollar Business Bureau Special safeguard measures (SSM) is a necessary tool for developing nations to check import surge and it will be at the centre of discussion along with the issues emanating from the Doha Development Agenda during the coming WTO conference, India has said. Representatives from more than 160 member countries of the WTO (World Trade Organisation) are scheduled to meet in Nairobi, Kenya during the ministerial conference to be held on December 15-18. Addressing a press conference on Thursday, Commerce Secretary Rita Teaotia said that apart from SSM, permanent solution to the development issues discussed during WTO’s Doha round in 2001 and a package for least developed countries will be on top of the agenda ...
Expect intense engagement on DDA issues in September: WTO Director General
The Dollar Business Bureau As World Trade Organisation (WTO) misses its deadline of July 31, to deliver a work programme on the remaining issues of the Doha Development Agenda (DDA), the WTO said that the result is very disappointing and should not become an obstacle to achieving outcomes at the WTO’s Ministerial Conference in Nairobi in December. Director-General Roberto Azevêdo told the WTO members that “This missed deadline does not represent a barrier to delivering in Nairobi – but it should be a wake-up call about our prospects for success.” Doha Development Agenda also known as the Doha round is a round of trade negotiations among the WTO membership with a fundamental objective is to improve the trading prospects of developing ...
