Tag: WTO
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Australia, Brazil launch WTO action against India
Canberra : Australia and Brazil have decided to escalate a trade dispute with India over sugar subsidies before the World Trade Organisation (WTO), Canberra said. Trade Minister Simon Birmingham announced this late Wednesday after it was decided that subsidies paid to Indian sugar farmers was leading to an abundant global supply of sugar and significantly…
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UAE files case against Qatar over imports ban
Dubai : The United Arab Emirates (UAE) on Tuesday complained against Qatar at the World Trade Organization (WTO) due to a ban imposed by Doha on imports from Abu Dhabi. “The complaint follows a ban of the sale of consumer goods manufactured in the UAE, Saudi Arabia, Bahrain and Egypt,” said the Middle Eastern country’s…
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WTO to probe US steel, aluminium tariffs
Geneva : The World Trade Organisation (WTO) has agreed to set up panels at its Dispute Settlement Body (DSB) to decide whether US tariffs on steel and aluminium imports comply with WTO rules, a trade official said here. On Wednesday, China and the European Union (EU) along with Mexico, Norway, Russia, Canada and Turkey protested…
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Chinese Foreign Minister meets IMF chief on multilateralism, WTO reform
New York : Chinese Foreign Minister Wang Yi met Managing Director of the International Monetary Fund (IMF) Christine Lagarde here, exchanging views on multilateralism and reform of the World Trade Organization (WTO). During the talks on Wednesday, Wang emphasized China’s stance in upholding multilateralism, free trade and international rules and law, reports Xinhua news agency.…
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Boeing calls WTO ruling against EU’s Airbus subsidy ‘landmark decision’
San Francisco : US top aircraft manufacturer Boeing Co. (Boeing) on Tuesday called as “a landmark decision” a ruling by the World Trade Organization (WTO) determining that the European Union (EU) has provided billions of US dollars in subsidies to European aircraft maker Airbus. Boeing said the WTO has found that the EU has failed…
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‘Canada’s WTO complaint against US could scuttle NAFTA’
Ottawa : Canada has “thrown a grenade” at the US filing a complaint with the World Trade Organisation (WTO) against its southern neighbour’s use of trade sanctions, which might wreck their current North American Free Trade Agreement (NAFTA) negotiations, said an international trade law expert. “The odds are increasing that the United States might withdraw…
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Oman Tourism Ministry participates in WTO General Assembly meet in China
Chengdu, China : Oman, represented by the Ministry of Tourism, is currently participating in the twenty-second session of the General Assembly of the World Tourism Organisation (WTO), the meeting of the Middle East Committee and the Committee on Tourism and Sustainability, held in Chengdu. Ahmed bin Nasser al-Mahrzi, Minister of Tourism, leads the Sultanate’s delegation.…
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Globalisation has to retune itself to needs of the time
By Kula Saikia, The tsunami of change was all-pervasive to engulf most of the nation states. Liberalisation, free trade, WTO, TPP, NAFTA, EFTA, EU, the information revolution et al came together and broke the historically defined geographical barriers. Isolationism became a hated and much maligned term in international trade, commerce and strategic considerations. There arose…
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India working for solution to WTO food stockholding issue
New Delhi:(IANS) India is working with the WTO members for a permanent solution to the problem of public stockholding for food security purposes, or the “subsidy cap issue”, parliament was informed on Wednesday. The World Trade Organisation General Council’s November 2014 decision in the matter “also includes a commitment to find a permanent solution by…