Global trade has experienced remarkable growth since 1995, with total value increasing nearly five-fold, coming close to the peak reached in 2022. Today, eight countries account for imports worth $12 trillion, representing almost half of the global total. From the U.S. to India, the world’s leading importers are characterized by...
WTO Develops TRIPS Schedule as Expansion Deadline Imminent
Geneva, Switzerland headquartered World Trade Organization members will discuss expanding their decision to broaden intellectual property flexibilities for Covid-19 vaccines. The group will meet at least three times in the coming months to discuss a proposal made at the 12th ministerial conference held in Geneva from 12-15 June, 2022. The...
U.S. Trade Rep Katherine Tai To Visit New Delhi on Nov 22
United States Trade Representative Katherine Tai and Deputy United States Trade Representative Ambassador Sarah Bianchi will arrive in New Delhi, on November 22. They will meet with government officials and stakeholders to discuss U.S. commitment to the Indo-Pacific region and to strengthen trade and economic relationships. This will be Tai’s...
U.S. Trade Representative Supports Waiver to Accelerate Covid-19 Vaccine Production
In a move that could help Indian companies ramp up production of Covid-19 vaccines currently developed/marketed by Moderna, Pfizer and Johnson & Johnson, Katherine Tai just released a statement supporting the waiver of Intellectual Property Rights (TRIPs provisions on the World Trade Organization), relating the production of these vaccines Tai,...
U.S. Lobbyists Will Meet Indian Officials to Discuss Import Duties
A team of officials from the U.S. will be in India on January 24, to discuss import duties levied or raised by the federal government last year on smartphones, base stations, smart watches, printer ink cartridges and other Information and Communications Technology (ICT) products, and lobby for their removal. India currently levies...
India Ratifies UN's Convention for Goods Transit
India is the 71st signatory to the United Nations' TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe. TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization....