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News Misc. Corporate Laws & Other Commercial Policies

  • Nov 20, 2014
  • WTO officials, commerce ministry review trade policies

    A team of World Trade Organization officials on Wednesday held talks with commerce ministry officials to review India’s trade policies.Trade Policy Reviews (TPR) are mandated in the WTO agreements, and accordingly member countries’ trade and related policies are examined and evaluated at regular intervals. During the TPR review meetings, the WTO team will, among other things, monitor measures that may have an impact on the global trading system including government subsidies as well as direct and indirect assistance for exports and investments, measures taken to protect certain sectors, especially agriculture, high duties on certain manufactured items, trade and investment restrictions, as well as frequent use of anti-dumping measures, according to sources.

    Source - http://www.financialexpress.com