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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 ...
India has also played an important and influential role in other international organisations, such as the East Asia Summit, [7] World Trade Organization, [8] International Monetary Fund (IMF), [9] G8+5 [10] and IBSA Dialogue Forum. [11] India is also a member of the Asian Infrastructure Investment Bank and the Shanghai Cooperation Organisation.
The TRIPS Agreement waiver (officially titled the Waiver from certain provisions of the TRIPS Agreement for the Prevention, Containment and Treatment of COVID-19) [1] is a joint intervention communication by South Africa and India to the TRIPS council of the World Trade Organization (WTO) on 2 October 2020. [2] [3]
The India Mercosur Preferential Trade Agreement is an example of a PTA. [ 2 ] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
One of the most significant changes was the creation of the World Trade Organization (WTO). The 76 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995. The other 51 GATT members rejoined the WTO in the following two years (the last being Congo in 1997). Since the founding of the WTO, 33 ...
India has rapidly become one of America's most important global partners, but the slow erosion of its democracy has raised questions about how strong the link between the two countries should be.
This was the first multilateral agreement by the WTO (concluded with 160 countries) and restored the legitimacy of the WTO as a negotiating forum. [12] [19] In November 2015, India's Prime Minister Narendra Modi stated that the Bali Package had gone through a slowdown since its signature, urging other countries to implement it in due time. [20]
"Most favoured nation" relationships extend reciprocal bilateral relationships following both the General Agreement on Tariffs and Trade (GATT) and WTO norms of reciprocity and non-discrimination. In bilateral reciprocal relationships a particular privilege granted by one party only extends to other parties who reciprocate that privilege, while ...