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As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities. India had the distinction of being the world's largest economy till the end of the Mughal era, as it accounted for about 32.9% share of world GDP and about 17% of the world population.
The commerce ministry, which is leading India's negotiations at the WTO, declined to comment. Global fishing subsidies are estimated at $35.4 billion, according to a 2019 study published in Marine ...
2011: The WTO and preferential trade agreements: From co-existence to coherence; 2012: Trade and public policies: A closer look at non-tariff measures in the 21st century; 2013: Factors shaping the future of world trade; 2014: Trade and development: recent trends and the role of the WTO
A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade ...
The WTO will need a different modus operandi for the new issues of the digital economy, such as AI regulation, subsidy policy, supply chain reformulation, and the scope of national security.
India; Malaysia; Pakistan; Thailand 70: Canada: Measures Affecting the Export of Civilian Aircraft: Brazil 71: Canada: Measures Affecting the Export of Civilian Aircraft: Brazil 121: Argentina: Safeguard Measures on Imports of Footwear: European Communities 123: Argentina: Safeguard Measures on Imports of Footwear: Indonesia 160: United States
The WTO Agreement on Agriculture negotiated in the Uruguay Round (1986–1994) includes the classification of subsidies by "boxes" depending on consequences of production and trade: amber (most directly linked to production levels), blue (production-limiting programmes that still distort trade), and green (minimal distortion). [3]