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THE TRUTH ABOUT: Wto - The Untold Story

'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

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

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

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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…

The Economic Times

World goods trade gains momentum despite Middle East conflict, AI demand cushions blow: WTO

Global merchandise trade shows resilience, with volumes remaining above trend. Strong demand for electronic components fuels growth, offsetting geopolitical concerns. Export orders indicate continued merchandise trade expansion in coming months. Air freight and agricultural raw materials trade also stay above trend. Container shipping activity has dipped slightly below its expected…

The Economic Times

'Anti-fast-fashion' law: France rejects China's discrimination claims

China has claimed that the new "anti-fast-fashion" law which came into force in France on Tuesday amounts to "discrimination." Responding to these accusations, a source from the Ministry of Foreign Affairs told Euronews that such claims were false.

Euronews

India eyes critical minerals, bigger markets in South America trade push

India is strengthening trade ties with South American nations like Chile, Argentina, and Brazil. Commerce Secretary Rajesh Agrawal will chair joint trade meetings in Argentina and Brazil. Talks for a comprehensive trade agreement with Chile are in advanced stages. Discussions will also cover expanding the preferential trade agreement with Mercosur.…

The Economic Times

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India’s WTO resistance risks slowing investment in developing nations

The IFDA has backing from 131 WTO members, including 94 developing countries, and focuses on reducing red tape and making it easier to attract foreign investment. With Türkiye and South Africa dropping their opposition, the article says India is now the main obstacle to bringing the agreement into the WTO…

The Economic Times

Rupee, price tailwinds for Indian exporters may fade in H2FY27: Nuvama

Indian exporters may see revenue tailwinds from rupee depreciation fade soon. Elevated prices and currency depreciation supported export growth in the first quarter. These supportive factors are expected to diminish in the second half of FY27. The information technology sector's earnings accelerated due to the weaker rupee. Currency movements remain…

The Economic Times

India seeks WTO consultations with US over duty on quartz surface products

India has requested World Trade Organisation consultations with the United States. This action concerns tariffs imposed on quartz surface products by America. The US measure will impose steep duties on imports starting August 15, 2026. India has a substantial interest in these engineered stone slab products. Consultations will be proposed…

The Economic Times

India's split-personality trade policy needs a reset

India is actively chasing bilateral trade agreements with vigor and determination. However, its approach to multilateral trade is characterized by hesitation and caution. This dichotomy leads to misunderstandings and hampers India's global image. Despite considerable economic advancements, old policies linger. A reassessment of these traditional positions is essential for aligning…

The Economic Times

Zhu Rongji obituary

Premier of the People’s Republic of China regarded as an economic reformer who declared that the country had become ‘the factory of the world’

The Guardian - UK

Zhu Rongji, former premier who changed China's economic fate passes away at 97

Former Chinese premier Zhu Rongji died on Wednesday at 97 after an illness, according to China’s official Xinhua news agency.

The Times of India

All about Zhu Rongji: The rumoured descendant of Ming dynasty founder, who helped transform China into a global economic powerhouse

Zhu Rongji, China's former premier, spearheaded significant economic reforms during his tenure. He pushed sweeping changes for state-owned enterprises and promoted private home ownership. Zhu also played a crucial role in securing China's entry into the World Trade Organization. His tough stance on inflation and corruption defined his leadership style.…

The Economic Times

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Latin Times

Mexico Thrives Under USMCA While Brazil Absorbs Double U.S. Tariffs

U.S. trade policy drives a wedge between Latin America's top economies in 2026. Explore how Mexico thrives under USMCA protections while Brazil faces a costly Section 301 double-tariff battle linked to tech censorship and domestic politics.

The Economic Times

Government approves senior bureaucrats' postings to IMF, ADB

The Centre has approved several key foreign postings for senior bureaucrats. Satyajit Mohanty will represent India at the International Civil Aviation Organization in Canada. Rahul Jain and Baldeo Purushartha are appointed to the IMF and Asian Development Bank respectively. Hemang Jani's tenure at the World Bank has been extended for…

The Economic Times

Currently nine trade disputes pending against India under WTO rules: Govt

India is facing nine pending disputes at the WTO, Parliament was informed on Tuesday. The cases, filed by countries including Japan, China, the EU, Brazil and Australia, cover steel, sugar, ICT tariffs and PLI schemes. India has spent about Rs 2.43 crore on legal defence so far.

The Economic Times

India extends anti-dumping duty on select chemicals, metal goods; imposes on one

India has extended anti-dumping duties on four products, including chemicals and steel goods. New duties were imposed on metallurgical coke imports from several countries for five years. These decisions were made by the finance ministry based on DGTR recommendations. Anti-dumping duties protect domestic industries from cheap imports and ensure fair…

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Caixin Global

Business Brief (July 30): WTO Backs China in Turkey EV Tariff Dispute

China Unicom faces U.S. national security blacklist, domestic 5G smartphone shipments see double-digit decline

The Economic Times

India reiterates WTO-consistent trade policy, calls for development-oriented reforms

India concluded its eighth Trade Policy Review at the WTO. Members broadly appreciated India's constructive engagement and economic resilience. India reiterated its commitment to transparent and WTO-consistent trade policies. It also emphasised development-oriented WTO reforms for developing countries.

The Independent UK

Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says

The head of the World Trade Organization says surging global demand for critical minerals should be “a once-in-a-lifetime chance” for resource-rich countries in Africa and elsewhere to harness wealth and improve life for millions

The Economic Times

India aims at 10 pc share in global merchandise exports by 2047: WTO report

India aims to significantly boost global merchandise exports by 2047. The nation is implementing various schemes to promote its export growth. India's trade policies are undergoing review by the World Trade Organisation. The government has also modified customs duties in its recent budget. These efforts align with the Viksit Bharat…

The Economic Times

Commerce Secretary to visit Geneva this week for India's trade policy review at WTO

Commerce Secretary Rajesh Agarwal is visiting Geneva this week to lead India's delegation for the WTO's eighth Trade Policy Review. The review, conducted every five years for major trading nations like India, assesses the country's trade policies, macroeconomic framework and institutional practices, with the report expected to be released later…

The Economic Times

India raises questions at WTO over interim arrangement to implement e-commerce pact

India has raised questions in the WTO regarding an interim e-commerce agreement. This pact was agreed upon by only sixty-six member countries of the organisation. India argues that such agreements bypass the required multilateral consensus among members. The country seeks clarity on the institutional and legal basis for the interim…

The Economic Times

India initiates anti-dumping probes against five products from China, other nations

The five items are moulded soda-lime glass vials; electric tractors in 6x4 and 4x2 axle configuration in any form; cyanuric chloride; polyethylene terephthalate film above 100 microns; and carbon raiser made anthracite coal.

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