india toy industry: How India’s toy industry beat China with high tariffs and quality checks – can it go further?

india toy industry: How India’s toy industry beat China with high tariffs and quality checks – can it go further?

Toys that make both kids and their folks happy is a relatively rare thing. For one, good toys are expensive, and the cheaper options ain’t that good. Yet Vijay and Shradha Shetty are beaming, as are Aryan, 14, and Aditya, 12. The couple, both seasoned advertising professionals, recently bought a dart gun, fully motorised and … Read more

China makes request to WTO in its dispute over Canadian EV and steel tariffs

China makes request to WTO in its dispute over Canadian EV and steel tariffs

China has submitted a request to Canada for consultation at the World Trade Organization on additional tariffs it has imposed on Chinese electric vehicles as well as steel and aluminum products, the Commerce Ministry said on Friday. “On Sept. 6, China lodged a request for consultations with Canada at the WTO regarding Canada’s additional tariffs … Read more

Kalu meets Okonjo-Iweala, seeks WTO’s help in contamination of agricultural products during export

Kalu meets Okonjo-Iweala, seeks WTO’s help in contamination of agricultural products during export

The Deputy Speaker of the House of Representatives, Ben Kalu, has solicited the cooperation of the World Trade Organization (WTO) in boosting the exportation of primary products from Nigeria and Africa in general. Mr Kalu made the call, Monday, when he visited the Director-General of the WTO, Ngozi Okonjo-Iweala, in Geneva on the sidelines of … Read more

Bangladesh, Nepal, Lanka back India call to reduce cost of remittances

Bangladesh, Nepal, Lanka back India call to reduce cost of remittances

Bangladesh, Nepal and Sri Lanka have backed India’s proposal to initiate a work programme at the World Trade Organization (WTO) for cheaper, faster and more accessible cross-border payments including remittances. The three WTO members became co-sponsors to India’s submission even as the US and EU attempted to block it in the draft Abu Dhabi package, … Read more

Tax-Free Status of Movie, Music and Games Traded Online Is on Table as WTO Nations Meet in Abu Dhabi

Tax-Free Status of Movie, Music and Games Traded Online Is on Table as WTO Nations Meet in Abu Dhabi

Geneva —  Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global consensus on the issue may … Read more

India is consensus builder: Piyush Goyal

India is consensus builder: Piyush Goyal

Abu Dhabi: India is a consensus builder and the world needs to see which countries are blocking outcomes, commerce and industry minister Piyush Goyal said Wednesday. At the third day of the 13th ministerial conference of the WTO, he said, “India is a consensus builder, but some countries are breaking that consensus,” Piyush Goyal said. … Read more

Protect farmers, fishermen in developing nations: India at WTO

Protect farmers, fishermen in developing nations: India at WTO

Abu Dhabi: India Tuesday sought a level playing field in agriculture citing that some developed countries were providing subsidies which were 200 times more than the support given by the developing countries to their farmers and called for introducing a moratorium on subsidies for fishing related activities beyond their exclusive economic zone (EEZs) or 200 … Read more

Opinion | India Maintains a Fine Balance in the Global North-South Equation

Opinion | India Maintains a Fine Balance in the Global North-South Equation

India is taking the “leadership” of the Global South but is also strengthening its ties with the Global North. (One could also speak of East and West). This fits into India’s policy of “re-balancing” its external relations. The North is seeing a growing shift of political and economic power towards the East. This shift is … Read more

India expresses serious concerns in WTO meet over unilateral protectionist measures

India expresses serious concerns in WTO meet over unilateral protectionist measures

Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. | Photo Credit: Reuters India on February 26 expressed “serious” concerns in a WTO meeting in Abu Dhabi over increase in the use of trade protectionist measures by … Read more

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

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