India to take up U.S. tariffs bilaterally

India needs global trade human-capital-based exports and financial capital import to buttress its path to prosperity

India said it could agree to discussing new issues only if they were trade related and it could be convinced that the rules being negotiated will be beneficial for developing countries. "WTO has become even more important considering the recent trends that we have been facing in which countries are trying to unilaterally take steps which in long term will harm everybody".

He was speaking at an industry interaction here organised by CII.

"Without an impartial and effective path for resolving disputes you would very quickly see members take matters into their own hands leading to a unsafe cycle of retaliation and counter-retaliation. What I hear is that USA said that the system is important". "What I have heard is U.S. says that the system is important and if it was not existent, it would have to be invented", Azevedo said post holding informal talks with as many as 23 nations' ministerial representatives amidst the backdrop of ongoing global trade disputes.

Recently, President Donald Trump announced 25% tariff on USA imports of steel and 10% on aluminum, following which various other countries announced trade restrictive measures.

Pogba: 'It would be a pleasure to play with Neymar'
Speaking to Argentinian television channel TyC Sports , Pogba said: "Yes, Neymar ". Here's what Roy Keane had the say about Pogba in recent weeks .

Federer Enters Indian Wells Finals, Eyes Masters For The Sixth Time
The great man keeps on breaking his own records-which is unbelievable given, that he is thirty-six years old. I also think that Del Potro will bring a high level to create an awesome climax to a unusual tournament.

Trump campaign data firm accused of harvesting FB data
Members of the House of Commons repeatedly criticized Facebook for failing to answer questions , at times threatening regulation. Alexander Nix, founder of Cambridge Analytica, was interviewed by a committee of British MPs last month on the firm's practices.

Among the "institutional" issues India has raised are attempts being made to "curtail the development dimension of trade and trade rules" in the WTO as part of the Doha Round. Special treatment allows longer time frames to such nations than their developed counterparts to implement a particular trade agenda, among other facilities. India might initiate discussions on liberalisation of service trade, concerns over protectionism and agricultural stocking.

Prabhu said that India will raise the issue with the United States, although the country is not the largest exporter of steel and aluminium to the US.

And the WTO itself has warned the situation is of "grave concern" with the need for an urgent solution. Analysts have warned that failure to resolve the deadlock could render the Appellate Body meaningfully non-functional by as early as December 2019. The US has repeatedly blocked a selection process to fill three vacancies at the highest adjudication entity for trade disputes at the WTO, the Appellate Body.

Related news:

Hot News

isis-killer-beheading-video-story-top JNU Prof Atul Johri Gets Bail in Sexual Harassment Case
Mar 21, 2018 - 03:40
He also said that the allegations levelled by the woman pertains to 2013-14 but the FIR was registered in 2018. The police said a probe was on in the case.

isis-killer-beheading-video-story-top On the last male northern white rhino
Mar 21, 2018 - 03:39
The horn of the northern white rhino used to sell for more than $22,000 per pound , making it more valuable than gold or cocaine. The female rhinoceros were seen mating with other northern white rhinos in the park without getting pregnant.

isis-killer-beheading-video-story-top John Oliver's gay bunny book outsells Pence's straight bunny book
Mar 21, 2018 - 03:38
The Last Week Tonight crew specifically wrote their take on Marlon Bundo to piss off Pence , who is notoriously anti-gay rights . For those thinking this will start a war of words, the Marlon Bundo Instagram account is apparently on board with all of this.

isis-killer-beheading-video-story-top Francis Ngannou Wants Brock Lesnar Next, Open To Fighting Anthony Joshua
Mar 21, 2018 - 03:36
Though this would be an incredibly interesting contest, Lesnar getting back into the Octagon is far from guaranteed at this point. Ngannou stepped away from the sport after the January defeat but has thrown his hat back into the cage for a huge fight.

isis-killer-beheading-video-story-top Tonight On American Idol 2018: Auditions Head Back to LA, Nashville, & More
Mar 20, 2018 - 03:15
Katy Perry keeps making headlines while being a judge on American Idol . American Idol airs Sundays and Mondays at 8pm on ABC . I could sense that he could use a friend, too".

isis-killer-beheading-video-story-top Facebook's fight against the phrase "data breach"
Mar 20, 2018 - 03:14
Britain's information commissioner says she's seeking a warrant to raid Cambridge Analytica and seize its servers . Asked about the reports, Mrs May's spokesman said: "The allegations are clearly very concerning".

isis-killer-beheading-video-story-top Penny Hardaway to become coach at Memphis, report says
Mar 20, 2018 - 03:14
The Memphis East Mustangs won their third straight Class AAA State Championship over the Whitehaven Tigers Saturday afternoon. A person familiar with the situation says Memphis will announce Penny Hardaway as its men's basketball coach Tuesday.

isis-killer-beheading-video-story-top Dairy Queen Restaurants Offering Free Cones First Day of Spring
Mar 20, 2018 - 03:14
While Dairy Queen is not charging for the cones, it is soliciting donations for the Children's Miracle Network Hospitals . Kelly Tyko is a columnist for Treasure Coast Newspapers and , part of the USA TODAY NETWORK.

isis-killer-beheading-video-story-top 'Black Panther' Tops Box Office for Fifth Straight Week
Mar 20, 2018 - 03:14
The young actor is seen at the very beginning of " Black Panther " during a flashback scene that Killmonger (played by Michael B. The Marvel Superhero film not only dominated the domestic market, but also performed phenomenally well in the global circuits.

isis-killer-beheading-video-story-top Secret Development: Apple Into Creation Of Its Own Screens
Mar 20, 2018 - 03:14
Executives of Apple have approved development for next couple of years with an objective of shipping MicroLED screens in products. With that in mind, LG and Samsung will likely remain on Apple's supply-chain payroll even when the transition to MicroLED begins.

isis-killer-beheading-video-story-top Jim Carrey Paintings: Actor blasted for portrait of Sarah Huckabee Sanders
Mar 20, 2018 - 03:13
A spokesman for Carrey confirmed to The Associated Press that it is Carrey's painting, but would not confirm it is of Sanders . Marco Rubio (R-Fla.), Senate Majority Leader Mitch McConnell (R-Ky.) and Trump's chief of staff, John F.

isis-killer-beheading-video-story-top Michigan State player from Duncanville hits wild 3-pointer at halftime buzzer
Mar 19, 2018 - 00:31
Meanwhile, Texas coach Shaka Smart fell to 2-6 in the NCAA Tournament , including his time at VCU, since a Final Four run in 2013. How can I watch Syracuse-Michigan basketball online? The last time they played was November 21, 2003 in East Lansing.

isis-killer-beheading-video-story-top Trump lawyer seeks $20m damages from Stormy Daniels - filing
Mar 19, 2018 - 00:29
Avenatti has claimed the nondisclosure agreement signed by his client is invalid because Trump failed to sign it too. Avenatti said that Clifford would tell more of her story in an interview taped with CBS News' " 60 Minutes ".

isis-killer-beheading-video-story-top 3 dead as fire hits Manila Pavilion Hotel
Mar 19, 2018 - 00:28
Deadly blazes break out regularly in the Philippines, particularly in slum areas where there are virtually no safety standards. He said two of the four killed persons were hotel guests while the others are yet to be identified.

isis-killer-beheading-video-story-top Status Orange Warning In Place As Kildare Snowfall Continues
Mar 19, 2018 - 00:28
There's lying snow on routes around Carlow while in Kilkenny slush and snowy conditions have been reported around the city. However there are no tram services between Saggart and Belgard due to technical fault with signals.