World Trade Organisation

World Trade Organisation News

WTO downgrades outlook for global trade

ANI Feeds | Sep 27, 2018, 4:58 PM IST

The World Trade Organisation (WTO) has downgraded its outlook for global trade growth from 3.9 per cent in 2018 to 3.7 per cent in 2019. In a press release, WTO said that escalating trade tensions and tighter credit market conditions in important markets will slow trade growth for the rest of this year and in 2019.

India Hikes Import Duty on Certain US Products

PTI Feeds | Jun 21, 2018, 1:16 PM IST

In a retaliatory move, India has hiked customs duty on several goods, including Bengal gram, lentils and artemia, imported from the US. The import duty hike would be effective from August 4, the Finance ministry said in a notification.

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