Category: WTO

Feb 26

Digital Trade and the WTO Moratorium: A Crucial Nexus

In a rapidly evolving digital landscape, the World Trade Organization (WTO) faces a critical juncture regarding the moratorium on customs duties on electronic transmissions. This moratorium, in place since 1998, has facilitated the growth of digital trade globally. However, its continuation is now under intense scrutiny and debate among member nations. The moratorium, initially intended to be temporary, has been extended multiple times, reflecting the recognition of the unique challenges and opportunities presented by the digital economy. It has allowed Read Full Details…

Nov 26

WTO members facilitate imports, reduce trade restrictions, but food export curbs persist

The Director-General’s mid-year report on trade-related developments shows that WTO members continued to facilitate imports and generally exercise restraint in the use of trade-restrictive measures from mid-October 2022 to mid-May 2023. However, while the number of export restrictions on food, feed and fertilizers has come down substantially, many such measures remained in place, contributing to supply uncertainty and price volatility. Director-General Ngozi Okonjo-Iweala urged members to work together to deliver results at the 13th Ministerial Conference (MC13) that strengthen the Read Full Details…

The growth scenario and opportunities in foreign trade with Project export import
Apr 05

The growth scenario and opportunities in foreign trade with WTO member countries in 2023-2024

Introduction:Foreign trade has become an integral part of the global economy, enabling nations to access new markets, products, and services. The World Trade Organization (WTO) has been instrumental in promoting free trade, economic growth, and development among its member countries. As we look ahead to 2023-2024, it’s important to assess the growth scenario and opportunities in foreign trade with WTO member countries. Growth Scenario:The global economy is expected to recover from the pandemic-induced slowdown, with a projected growth rate of Read Full Details…

Feb 12

India seeks talks before WTO fixes ecommerce rules

India has pitched for deeper deliberations to take place before the World Trade Organisation (WTO) defines rules in the ongoing discussions on e-commerce trade. An official statement said this is being done with an aim to promote inclusive and equitable development of the service at a global level. In line with the same, two papers have been prepared by India for consideration of the Work Programme on Commerce (WPEC) under the WTO. These documents are setting the tone of discussions Read Full Details…