Current News

International Trade :

Retaliatory Import Tariffs On US Products

Why is it in News?

India extended the deadline to impose retaliatory import tariffs on 29 US products till June 16 from the earlier date of May 16 with a hope to resolve trade issues with the US and also because the US has not withdrawn the Generalised System of Preferences which was to happen in the beginning of May.

WTO’s Assessment Of Trade Policies

Why is it in News?

India hosted a two-day WTO ministerial meet of 16 developing and six least developed countries at New Delhi from 13 May-14 May. In the meeting India highlighted the issue of WTO’s assessment of a country’s services trade.

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