India’s invitation to the trade ministers of 40 WTO members to an informal gathering in New Delhi, on March 19-20, is without a pre-announced agenda.
Subsidising members should be allowed neutralisation for inflation to the extent of it exceeding 2% per annum, which can be considered the normal rate of inflation.
A firestorm is raging in world trade. It was set off by US president Donald Trump announcing on March 3, that the US will levy tariffs on imported metals—25% on steel, 10% on aluminium.
The 11 Ministerial Conference (MC11) of the World Trade Organisation (WTO) ended on December 13, 2017, as it had begun—without any fervour. At Nairobi in 2015—during MC10—there was a major agreement eliminating export subsidies in agriculture.
Securing a political mandate for making fresh efforts to conclude the Doha Round of negotiations must be the main objective of India and other developing countries during the Nairobi conference
For India, joining the TPP FTA can be only for political or strategic reasons, not for economic benefits
Developed countries now support a proposal that jettisons the tiered reduction approach
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