War Is Interested in You by Gideon Rachman review – are we on the brink of world war three? A foreign affairs expert’s bleak assessment of the state of global security The Guardian - UK · Oct 26
Putting plurilaterals to good use: India signals change in WTO stance by engaging in plurilateral agreement discussions after BRICS declaration India has recently indicated its readiness to engage in discussions on plurilateral agreements within the WTO framework. This shift follows India's previous firm stance against such negotiations due to a lack of explicit mandate. While some international partners view this as a promising development, others remain skeptical about India's intentions.… The Economic Times · Oct 16
China agrees to ‘halve’ hybrid car exports to EU in landmark deal Brussels says Beijing’s shipments could fall by more than half over four years, cutting millions of vehicles amid fears for European jobs The Guardian - UK · Oct 9
WTO upgrades goods trade forecast as AI boom offsets Middle East disruption World merchandise trade volume growth was stronger than expected and is now projected to reach 3.9% in 2026, up from 1.9% in the WTO's baseline forecast issued in March. The Economic Times · Oct 8
WTO raises merchandise trade growth forecast to 3.9% as AI boom offsets hit from Middle East The World Trade Organization is sharply increasing its forecast for global merchandise trade growth this year to 3.9% The Independent UK · Oct 8
US probes EU carbon border tax over potential trade barriers The EU's carbon border tax was designed to prevent companies from shifting production abroad to countries with weaker environmental rules — but the US says it amounts to a discriminatory trade rule. Euronews · Oct 8
India launches anti-dumping probes into five Chinese products after domestic industry complaints The Directorate General for Trade Remedies in India is probing complaints from domestic producers about six imported products from China. Accusations of dumping have led to demands for anti-dumping duties. Additionally, the agency is also assessing Insoluble Sulphur imports. This comes as the trade deficit with China intensifies, along with… The Economic Times · Oct 5
G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits.… The Economic Times · Oct 3
Piyush Goyal calls for WTO-compliant approach to correcting global trade distortions at G20 Trade Ministers' Meet Union Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions and excess capacity during the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin. The Economic Times · Oct 3
Goyal at G20: India opposes making MFN conditional on WTO obligations Union Minister Piyush Goyal represented India at the G20 Trade Ministers' Meeting, emphasizing the importance of the Most-Favoured-Nation principle. He stated that equal trading terms are essential for both large and small traders. Goyal expressed India's commitment to addressing trade distortions through WTO-compliant measures and preserving developing countries' policy space… The Economic Times · Oct 2
Piyush Goyal says India does not have structural excess manufacturing capacity Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian production caters to both domestic and global demand. Speaking at the G20 Trade Ministers' Meeting in the US, Goyal also stressed WTO rules, supply-chain diversification, forced labour concerns and the… The Economic Times · Oct 2
How World Trade Organization reform could help address the EU-China trade imbalance The world was closely watching the high-stakes US-China summit in Washington from September 23 – 25, which resulted in the US and China agreeing, among other things, to extend their trade truce by two months. Now, the spotlight has shifted to Beijing, as the EU and China enter the final… The Conversation · Sep 29
India reserves third-party rights in Russia-EU CBAM trade dispute in WTO: Official Argentina, Brazil, Canada, China, Chinese Taipei, Indonesia, Japan, Saudi Arabia, South Korea, Malaysia, Norway, Paraguay, Singapore, Switzerland, Thailand, the UK and the US are other countries that have reserved their third-party rights in the dispute, the Geneva-based official said. The Economic Times · Sep 25
The US sells more to Brazil than it buys – but Trump is slapping steep tariffs on its exports anyway President Donald Trump has generally tried to justify his tariffs by asserting that they can help narrow the trade deficits the U.S. runs with most of the world. That argument is based on the fact that nearly all countries sell Americans more than they buy from the United States. The Conversation · Sep 17
The Economic Times · Sep 15 School Assembly News Headlines, September 16, 2026: Top national, international, business, sports updates and thought of the day School assembly news headlines (September 16):Delhi is set to develop hostels catering to 10,000 students, while Google faces scrutiny concerning fraudulent Gmail accounts. The Supreme Court has issued a notice to regulate educational institutes. Dinesh Sharma has officially taken his oath as the lieutenant governor of Andaman and Nicobar Islands.…
The Economic Times · Sep 15 A 'Prisoner’s Dilemma' is driving the trade war & the costs could be huge The WTO’s World Trade Report 2026 says global trade is caught in a “Prisoner’s Dilemma”: countries have an incentive to protect their own markets, but when everyone raises tariffs and restricts imports, retaliation can shrink trade, raise prices and leave all sides worse off.
The Economic Times · Sep 15 India’s strategic autonomy faces a trade test as WTO warns non-aligned economies could pay a price for fragmentation India's foreign economic policy aims for broad trade ties. The WTO warns of rising costs in a fragmented global trade system. India's numerous free trade agreements offer preferential market access. Diversification and multiple pacts help maintain economic flexibility. This strategy counters rising trade costs in a bloc-driven world.
The Economic Times · Sep 15 Trade fragmentation could hit poor economies much harder than rich ones, WTO warns Global trade fragmentation will severely impact the world's poorest economies. Least-developed countries could see GDP fall significantly by 2050. These nations rely heavily on international trade and global production networks. Disrupted supply chains and higher trade costs will hurt them most. Enhanced cooperation offers the best path for their economic…
The Economic Times · Sep 15 $3 trillion gain or a 10% GDP loss? WTO sounds a trade alarm The WTO’s World Trade Report 2026 says strengthening the global trading system could lift global GDP by 2.9%, or about $3 trillion, by 2050, while failing to modernise it could cost up to 10% of global GDP.
The Economic Times · Sep 13 'Might makes right' does not hold: China's Xi Jinping calls for Global South to jointly defend rule of law Chinese President Xi Jinping urged Global South nations to defend international law and reject might makes right. He called for a more equitable global order and greater participation for all countries. Prime Minister Modi also advocated for global governance reforms and a partnership platform. BRICS leaders adopted a declaration supporting…
The Economic Times · Sep 13 Consumers deserve nutritional information on food packs; industry backs FSSAI move: Orkla India Orkla India MD and CEO Sanjay Sharma backed FSSAI’s proposed front-of-pack labelling (FOPL) norms, saying consumers have the right to clear nutritional information. He said the industry supports the regulator’s objective of helping consumers make informed choices, with the main debate being over the format and implementation of the labels.
The Economic Times · Sep 12 'UNSC reform can no longer be delayed': UN backs PM Modi's UNSC reform push, credits India's BRICS Presidency The UN spokesperson supports Prime Minister Modi's call for Security Council reform. He stated the current structure does not reflect 21st-century global realities. BRICS nations seek a more representative and equitable international system. They advocate for greater participation of developing countries in global governance. The group also supports reforming international…
The Economic Times · Sep 12 BRICS for immediate restoration of fully functioning WTO dispute settlement system BRICS leaders strongly advocate for restoring the WTO dispute settlement mechanism. They committed to strengthening the organization through necessary reforms and negotiations. The Appellate Body's functioning stalled after the US blocked member appointments. Developing nations believe a two-tier system is fundamental for dispute resolution. BRICS members will engage constructively in…
The Economic Times · Sep 12 BRICS Declaration condemns Pahalgam terror attack, backs India's UNSC aspirations BRICS countries condemned the 2025 Jammu and Kashmir terrorist attack in Pahalgam. The New Delhi Declaration called for zero tolerance towards terrorism and rejected double standards. Acts of terrorism were deemed criminal and unjustifiable regardless of motivation or perpetrator. BRICS reiterated commitment to combating terrorism in all its forms and…
The Economic Times · Sep 11 BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs BRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased local currency use in trade and investment activities. The bloc criticized unilateral tariffs and trade measures, supporting a rules-based multilateral trading system. Work continues on cross-border payment systems and strengthening the New Development…