The report forecasts global economic growth to 2.6% in 2024, barely above the 2.5% threshold commonly associated with a recessionary phase. The report says the prevailing focus on inflation overshadows urgent issues like trade disruptions, climate change and rising inequalities. It advocates for structural reforms and coordinated global efforts, proposing …
Indian officials indicated that they would not be able to support the implementation of the WTO’s Trade Facilitation Agreement (TFA) unless they see their concerns on food security addressed, according to multiple media reports. The news, coming just ahead of a key WTO meeting, has reignited old tensions among the …
SAARC: While the SAFTA ministerial council meeting begins today in the capital, economic affairs and commerce ministers from Bhutan and Bangladesh have already met to consider the free trade agreement to further strengthen its trade ties. Economics affairs minister Norbu Wangchuk and Bangladesh’s commerce minister, Tofail Ahmed met yesterday. Lyonpo …
India is unlikely to allow ratification of a trade facilitation protocol at a crucial World Trade Organisation (WTO) meeting in Geneva on Thursday if it does not simultaneously endorse its concerns about food subsidies to feed its poor, said official sources. Most developed countries are pressuring India to drop its …
The world's top economies on Saturday pushed India on the scheduled rollout of trade facilitation agreement (TFA) later this month, while merely assuring that its concerns over food subsidy would be addressed. The TFA, announced in the Bali declaration, is to be finalized by July 31, while the issue of …
Since its inception in 2009, the Fuel Quality Directive (FQD), a European Union regulation aimed at reducing the climate impact of transport fuels, has been attacked by powerful lobby interests that do not want the EU to take action to curtail the use of particularly greenhouse gas intensive fossil fuels. …
The dispute outlined in China's panel request is one of the most extensive in the history of the World Trade Organization. China's request challenges the WTO-consistency of various aspects of 22 separate subsidy investigations, including 18 "public body" determinations; 18 determinations that the provision of inputs for less than adequate …
According to the Economic Survey 2013-14 presented in the Parliament on 9 July 2014 the growth rates of productivity in agriculture sector are far below global standards and the productivity levels of rice and wheat have declined after the green revolution of the 1980s. It has also expressed concern over …
Deutsche Bank AG plans to lend about $1 billion for Japan solar projects, joining Goldman Sachs Group Inc. in funding cleaner energy as the government struggles to restart nuclear power plants after the Fukushima disaster. The bank is ready to provide financing for three to six projects in the next …
The U.S., European Union and 12 other governments in the World Trade Organization have opened negotiations on a trade deal aimed at ending tariffs on environmental goods such as wind turbines and solar panels. The WTO members agreeing to the talks announced today in Geneva account for 86 percent of …
China's trade ministry repeated on Monday its decision to levy anti-dumping and anti-subsidy duties on polysilicon imports from the European Union. The decision was first announced on April 30.
The ongoing review of the UK’s Fourth Carbon Budget is closely linked to the debate over the impact that domestic climate change policies can have on the competitiveness of businesses. Notably, there are concerns that, if the UK implements more ambitious climate policies than its trading partners, carbon-intensive producers might …
India has toughened its stance at the World Trade Organization (WTO) over the slow progress of food security agreement reached at the Bali ministerial in December last year, making it clear at a crucial meeting in Geneva that the country will move forward on the trade facilitation agreement only when …
Investment is a major driver of long-run growth and development. It is necessary to build productive capacities, transform the structure of economies, generate employment and reduce poverty. Over the past decade, African countries have had relatively good economic growth performance. But average investment rates on the continent remain low relative …
Pakistan’s population is growing and becoming more urbanized. By 2020, Karachi and Lahore will each have a population of well over 10 million people and several other cities will have a population of at least one million. These trends offer both risks and opportunities. Badly managed urban centers with poor …
The increasing demand for agricultural products and the uncertainty of international food markets has recently drawn the attention of governments and agribusiness firms toward investments in productive agricultural land, mostly in the developing world. The targeted countries are typically located in regions that have remained only marginally utilized because of …
China leads the globe in the trade of renewable energy products, a survey from the UN Environmental Programme (UNEP) on Wednesday revealed. The survey indicates that China leveraged on decreased manufacturing costs and increased investment to boost the trade. China leads in trade of renewable energy products Report: Energy costs …
Renewable energy (RE) trade among developing countries is growing faster than global and north-south RE trade as developing countries, led by China, take advantage of decreasing manufacturing costs, increased investment, and the falling costs of renewables, says a new report released during the first United Nations Environment Assembly (UNEA). Solar …
Meghalaya frames guidelines 18 years after Supreme Court ban on timber felling SHILLONG: 18 years after the ban on tree felling by the Supreme Court, the Meghalaya Forest department has framed a working scheme for judicious harvesting of timber and subsequent tree plantations. The working scheme for the non-Government forests …
The WWF on Thursday raised the alarm over plummeting elephant populations in Mozambique after an aerial survey showed ivory poaching is decimating herds in the country. Between 480 and 900 elephants died in the northern Querimbas reserve between 2011 and 2013 according to a recent aerial study commissioned by the …
