September 2016

Trade in 2016 to grow at slowest pace since the financial crisis

WTO, 27 September 2016

World trade will grow more slowly than expected in 2016, expanding by just 1.7%, well below the April forecast of 2.8%, according to the latest WTO estimates. The forecast for 2017 has also been revised, with trade now expected to grow between 1.8% and 3.1%, down from 3.6% previously. With expected global GDP growth of 2.2% in 2016, this year would mark the slowest pace of trade and output growth since the financial crisis of 2009. More…

Russian Federation files appeal against WTO panel ruling on pork import restrictionse

WTO, 23 September 2016

The Russian Federation filed a notice of appeal on 23 September in the case brought by the European Union “Russian Federation – Measures on the Importation of Live Pigs, Pork and Other Pig Products from the European Union” (DS475). More…

Negotiations for India-European Union Free Trade Agreement to resume

WTO, 20 September 2016

Negotiations for India-European Union Free Trade Agreement to resume. Germany is also holding talks with the Indian government over creation of a fast track system to resolve investment related issues faced by the German companies in India. Ney will meet the Department of Industrial Policy and Promotion (DIPP) next week for strengthening this system. More…

Appellate Body issues report in Korea/United States washers dispute

WTO, 7 September 2016

On 7 September 2016, the WTO Appellate Body issued its report in the case “United States – Anti-dumping and countervailing measures on large residential washers from Korea” brought by Korea. More…

India, Egypt sign agreement in area of Maritime Transporte

BUSINESS STANDARD, 2 September 2016

India and Egypt on 2 September 2016 signed an agreement on Maritime Transport. The agreement would help the two nations to step-up co-operation on the seas not only in terms of maritime commerce but also in transit of naval vessels. The agreement was signed after delegation level talks between Prime Minister Narendra Modi and visiting President of Egypt Abdel Fattah El-Sisi in New Delhi. President Sisi is on a three-day visit (1-3 September 2016) to India at an invitation of President Pranab Mukherjee. More…