World Trade Organization – Bhartiyanews24x7

New tariffs on Chinese imports | Photo Credit: AP The announcement by United States President Joe Biden, in May, to slap a fresh round of tariffs on a range of Chinese imports, has refuelled fears of a new phase of decoupling in the world economy. Siding with Washington, policymakers in Europe are also deliberating having a ‘united front’ to counter China’s pursuit of coercive economic practices.While this may define the trajectory of China-U.S. relations, it is not clear what the long-term costs are going to be. With China, the West’s trade risk calculations have increasingly become a function of national security. Contesting the liberal premise, the new political rhetoric in Washington assumes that since economic interdependence does not benefit China and the U.S. equally, it is like...

This dispute between India and the U.S. was filed more than a decade ago. It relates to certain import restrictions taken by India against the imports of poultry products from the U.S. on grounds of avian influenza or bird flu | Photo Credit: M.A. Sriram Much of international diplomacy involves walking on eggshells. Major differences, especially on trade and commerce, are often allowed to hibernate while countries focus on the big picture of bilateral ties. Bold leaps of statecraft are sometimes needed to help industry on both sides to settle such trade frictions. Quite remarkably, India and the U.S. have managed to do exactly that in just under a year, burying differences in the seven-long outstanding trade disputes at the World Trade Organization (WTO).In late March this year, the tw...

Tag: World Trade Organization

The high cost of a global economic decoupling

Settling trade disputes through ‘litigotiation’