Ngozi Okonjo-Iweala News

₹3.20 per kg of wheat or rice as subsidy The permanent peace will remain in force until a permanent solution is agreed upon. India, along with other G-33 members, successfully opposed linking public stockholding of grains to broader agricultural trade reforms, preserving their right to support their agricultural sectors without facing legal challenges in the WTO's dispute system.

World Trade Organization (WTO) said Thursday.

The World Trade Organization chief says she’s “eager” to work with U.S. President-elect Donald Trump and his trade team, while taking a wait-and-see stance about Trump’s plans to impose new tariffs on goods from other countries including China, Mexico ...

Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates have ended their summit after failing to reach agreements on several major initiatives

By Emma Farge and Rachna Uppal

farm subsidies at the World Trade Organization (WTO) remained stuck on the third day of 13th Ministerial Conference (MC13) with countries sticking to their respective positions. Developed countries are not yielding to the «legitimate» demands of developing nations, officials said, adding that an outcome on the ministerial is expected to be delayed to Saturday instead of Friday. The European Union and the United States also blocked pro-development agenda in the draft Abu Dhabi package such as India's proposal, backed by many countries, to lower the cost of cross-border remittances, and a paragraph on debt on «trade-related approach» to mitigate challenges on increasing levels of debt and global financial crises.

The head of the World Trade Organization says war, uncertainty and instability are weighing down the global economy

Civil Society Organisations Sunday said that there is no mandate for the adoption of the proposed agreement on investment facilitation for development (IFD) which is being negotiated by a group of members of the World Trade Organization (WTO), led by China. A WTO decision of 2004 prohibits negotiations on investment facilitation and efforts are on to bring the issue in through plurilateral means. Around 130 members support the pact. The US, Sri Lanka and Pakistan are also not part of this proposed pact. India and South Africa have opposed it as it neither has the WTO mandate or its members’ consensus and cannot be brought to the formal process in the WTO.

As the World Trade Organization opens its latest biannual meeting of government ministers on Monday, its longtime moratorium on duties on e-commerce products is coming under pressure like never before

The head of the World Trade Organization says the body remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike ...

(Corrects to remove word «Embargo» from headline)

World Economic Forum (WEF). In an online pre-meeting press conference, WEF President Borge Brende said the meeting will take place in a very complicated and the most challenging geopolitical and geo-economic scenario.

government has appointed IAS officer Senthil Pandian C as ambassador to the World Trade Organisation (WTO) in Geneva after Brajendra Navnit’s tenure as India’s ambassador to the global trade watchdog ends on March 31, 2024. The Appointments Committee of the Cabinet (ACC) on Friday approved the appointment of Pandian, a 2002 IAS officer of the Uttar Pradesh cadre, for three years from the date of assumption of charge. Pandian is currently posted as commissioner, excise in Uttar Pradesh. His appointment comes at a time when the world is witnessing inflation, high interest rates and geopolitical tensions. In October, WTO has more than halved its growth projection for world merchandise trade volume for 2023 at 0.8% compared to the 1.7% forecast in April last year due to a continued slump in goods trade. However, the 3.3% growth projected for 2024 remains nearly unchanged from the previous estimate of 3.2%. WTO Director-General Ngozi Okonjo-Iweala said the expected slowdown of trade was a cause for concern because it could depress the living standards of people around the world, particularly in poor countries.

GENEVA (Reuters) — The head of the World Trade Organization on Tuesday voiced optimism that trade deals could be reached at the next major ministerial meeting in February 2024.

By Andrea Shalal

₹400 per tonne on domestic and imported coal are all emission charges. The government is also working towards a Carbon Credit Trading Scheme (CCTS), which is expected to accelerate our adoption of market-based price discovery for emissions. Nevertheless, carbon prices in India and the EU are unlikely to converge, since the determination of a carbon price is linked to the emission-reduction obligations of each country; these differ.

Nirmala Sitharaman hosted a dinner for Finance Ministers of the G20 countries and the heads of international organisations on Friday ahead of the leaders' summit in Delhi. Internal Monetary Fund (IMF) chief Kristalina Georgieva and World Trade Organisation (WTO) Chief Ngozi Okonjo-Iweala were in attendance at the dinner. «Smt @nsitharaman hosted the #G20 Finance Ministers and Heads of International Organisations over dinner ahead of the #G20 #LeadersSummit in New Delhi. @g20org #G20India,» the office of Nirmala Sitharaman posted on X. It is the first-ever G20 Summit in India and will be held at Bharat Mandapam in the national capital on September 9 and 10. Leaders from around the world were greeted warmly upon their arrival in Delhi for the G20 Summit, which gets underway on Saturday.

World Trade Organization (WTO) agreements, and will also continue to assist developing countries and least developed countries (LDCs). However, like several other G20 meetings, the text on Ukraine war and its impact on global economy became a point of contention between the member nations, chiefly Russia and China. Russia rejected the inclusion of geopolitical Para 32, saying it doesn’t conform to the G20 mandate and recognizes the status of Para 32 as Chair’s Summary.

GENEVA (Reuters) — The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying this could help developing countries reduce poverty.