U.S. issues hundreds of sanctions targeting Russia, takes aim at Chinese companies

Ukrainian servicemen ride on an armored personnel carrier in a field near Chasiv Yar, Donetsk, on April 27, 2024, amid the Russian invasion of Ukraine.  Genya Savilov | Afp | Getty Images The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western measures, including through … Read more

India uses peace clause fifth time, for rice subsidies given in 2022

New Delhi: India has, for the fifth time, invoked the peace clause for exceeding the 10% ceiling on support it offered its rice farmers. The country informed the World Trade Organization (WTO) that the value of its rice production in 2022-23 was $52.8 billion while it gave subsidies worth $6.39 billion, which comes out to … Read more

India and South Africa block major investment deal at WTO talks

Delegates attend the 13th World Trade Organization Ministerial Conference in Abu Dhabi of Feb. 26, 2024. India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in … Read more

China rails against EU’s train subsidy probe – will relations be thrown off-track?

Per the regulation, companies are “obliged” to provide notification for any public procurement tenders with a contract value of more than €250 million. CRRC Qingdao Sifang submitted its notice in full on January 22. The regulation has a statutory mandate of 110 days to deliver a result, meaning the verdict will be known no later … Read more

China won’t ‘compete’ with other developing nations during WTO fishing talks, subsidies set to be discussed in Abu Dhabi

China said it would not behave irresponsibly towards developing nations when countries try to strike a new World Trade Organization (WTO) agreement on combating overfishing later this month. “We will not compete with other developing members,” Li Chenggang, Beijing’s ambassador to the WTO, told a press conference on Thursday. After more than two decades of … Read more

Commerce ministry calls stakeholders’ meet on WTO issues on Jan 20

The commerce ministry has called a meeting of all stakeholders, including government officials and trade sector experts, on January 20 to discuss issues which are likely to figure in the WTO meeting, an official said. The 13th Ministerial Conference (MC) of World Trade Organization (WTO) is scheduled from February 26-29 in Abu Dhabi, the UAE. … Read more