Search Result for : Trade Restrictions

Source: PTI Concerned over “stockpile” of trade restrictive measures, WTO has asked the G-20 nations, which includes India, to refrain from implementing new protectionist measures. The WTO's 14th trade monitoring report on G-20 trade measures showed that the application of new trade-restrictive measures by G-20 economies remained stable compared to the previous reporting period. Although the report shows relative restraint by G-20 economies in introducing new trade restrictions, the stockpile of measures continues to grow. “Because the uncertain global economic outlook continues to have a negative impact on international trade, the report calls on G-20 leaders to deliver on their pledge to refrain from implementing new protectionist measures and to roll back existing trade-restrictive measures,” the WTO said. During the reporting period ...

The Dollar Business Bureau Subsidising inputs to labour-intensive industries has not really paid off for India over the years, says Dr. Rajan   It would be a mistake to think that the world needs another export-driven China, Dr. Raghuram Rajan, Governor, Reserve Bank of India (RBI), said this week while cautioning against various strategies usually associated with the “Make in India” campaign. Prime Minister Narendra Modi first launched the “Make in India” campaign on August 15, 2014, and had emphasised on the need to boost manufacturing and reduce imports. However, criticism of the initiative has gained pace in recent weeks along with a slowdown in manufacturing and exports, and the lack of a clear policy. However, the RBI chief’s speech on ...

The Dollar Business Bureau WTO chief Roberto Azevêdo speaking at Trade Policy Review Body, 8 December 2014   Roberto Azevêdo, Director-General, World Trade Organisation (WTO), has expressed concerns over increasing trade restrictive measures and has urged members to provide information over trade practices and reduce restrictions to help global trade recover. According to WTO estimates, global trade growth is expected to slowdown to 3.1% (down from previous forecast of 4.7%) in 2014 and recover slightly to 4% 2015. “Against this backdrop, recent trends in trade policy actions of members are a cause for concern,” Azevêdo said. He was referring to the increase in trade restrictions reported in the WTO’s annual report on “Developments in the International Trading Environment”.   While introducing ...

Vanita Peter D’souza | The Dollar Business India is unlikely to place any restrictions on trade along the India-Pakistan’s Line of Control (LoC) as no incidence of adulteration has been reported in the recent years. Nirmala Sitharaman, Commerce & Industry Minister, Government of India, informed the Parliament yesterday, “No in incidence of adulteration which adversely affected trade has come to the notice of Government.” The LoC trade in India is usually the trade between India’s Jammu & Kashmir and Pakistan Occupied Kashmir (POK) which is not counted as trade with Pakistan. As a part of the Government of India’s Confidence Building Measures (CBMs), a list of essential items are allowed for trade at zero duty. India also has Trade Facilitation ...