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WTO urges India to reduce tariffs -Asit Ranjan Mishra

-Livemint.com * Frequent policy changes create uncertainty, says report * India’s agri tariff rose from 36.4% in FY15 to 36.5% in FY21, while non-agricultural tariff rose from 9.5% to 11.1% India’s average tariff increased to 14.3% in FY21 from 13% in FY15 with the country’s policymakers frequently using trade policy measures to encourage domestic production and curb inflation, the World Trade Organization (WTO) said in its latest Trade Policy Review for Asia’s third-largest...

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The global angle to the farmer protests -Utsa Patnaik

-The Hindu It is not just domestic firms that are potential beneficiaries of the new farm laws; foreign agribusinesses are a danger too The farmers’ movement for the repeal of the three farm laws which affect them closely but have been rammed through without consulting them, has now entered its second month. It is of historic significance. It is not just about minimum support prices but also about the survival of the...

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India expresses concern over EU’s Green Deal, possible carbon taxes -Amiti Sen

-The Hindu Business Line New Delhi asks EU for more details, calls for legal analysis of deal India, the US and a few other countries have expressed apprehensions over the European Green Deal and the impact of carbon border taxes that could be imposed on imports once the proposed Carbon Border Adjustment Mechanism (CBAM) is implemented. India has called for a legal analysis of the deal, a Geneva-based trade official said. “As many...

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India's food security discussed at WTO amidst Covid-19 pandemic -Sachin Kumar Sharma & Adeet Dobhal

-The Hindu Business Line WTO rules restrict India’s ability to build its food stock as the procurement of food grains at MSP is subject to strict limits With almost all economic activities likely to remain at a low key in the coming months, the Covid-19 pandemic could have a devastating impact on the livelihood and food security of millions of people across India. It is generally recognised that food stocks of 58...

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Why sugarcane farmers don't want Brazilian President as chief guest on Republic Day -Joe C Mathew

-Business Today Brazil, a major sugarcane producer, has been against India's existing scheme to support sugarcane farmers claiming that it was beyond the permissible limits under the WTO regulations Prime minister Narendra Modi-led government's decision to invite Brazilian President Jair Messias Bolsonaro as the chief guest of India's Republic Day celebrations on January 26 has been criticised by All India Sugarcane Farmers' Federation (AISFF), an affiliate of CPIM's farmer body All India...

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