
Discover how Chinese overcapacity impacts global trade and India’s manufacturing ambitions. Read the full analysis by Chetan Bharat Learning.

US Tariff Policy is in the news after the uploaded newspaper discussed the expansion of America’s tariff regime and argued that India should adopt a calibrated trade strategy while negotiating with the United States.

Ref : https://indianexpress.com/article/business/economy/govt-clamps-down-on-dumping-from-china-over-1-3rd-anti-dumping-duties-levied-in-cases-with-sole-or-two-producers-since-fy22-9310194/ Why in the news? The government tightens restrictions on imports from China. More than a third of anti-dumping tariffs imposed in cases involving only one or two manufacturers since the fiscal year 2022. What is Anti-Dumping Duty? What is Countervailing duty (CVD)?
Important for Prelims: EconomyMains: General Studies I Recently (July 2023) over 110 (it does not include India) of the WTO 164 members concluded text-based negotiations on the Agreement on Investment Facilitation for Development (IFA). Agreement on Investment Facilitation for Development (IFA) Facilitation Vs Promotion Why Didn’t India Participate ? Practice Questions for Prelims Consider the following…
Context: WTO dispute settlement panels have found India’s tariffs (between 7.5 – 20%) on certain ICT products such as mobile phones inconsistent with India’s WTO obligations. Importance Prelims: International Relations, Current AffairsMains: UPSC General Studies Paper- II, Important International Institutions Background:• One of the central objectives of the WTO is to boost transparency and predictability…
Important for Prelims: Indian EconomyMains: General Studies Paper III NEWS of International Economic Organizations WTO panel rules against India in IT tariffs dispute with EU, others About the News: About World Trade Organization (WTO) Read more about WTO, click here Practice Questions for Prelims Identify the correct sequence of steps involved in becoming a WTO…
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