history
Early years: emerging environment debate in GATT/WTO
Trade and environment, as an issue, is by no means new. The link between trade and environmental protection both the impact of environmental policies on trade, and the impact of trade on the environment was recognized as early as 1970.
Growing international concern about the impact of economic growth on social development and the environment led to a call for an international conference on how to manage the human environment. The 1972 Stockholm Conference was the response.
The 1971 GATT study
In 1972, the UN held a Conference on the Human Environment in Stockholm. During the preparations in 1971, the Secretariat of the General Agreement on Tariffs and Trade (GATT) was asked to make a contribution.
K.R.Srivats
New Delhi |
Updated on
April 13, 2021
Action based on petition filed by Andhra Petrochemicals Ltd, the sole producer
The Finance Ministry has imposed definitive anti-dumping duty on ‘Normal Butanol’ imports from the European Union, Malaysia, Singapore, South Africa and the US.
Andhra Petrochemicals Ltd which is the sole producer of N-Butanol in the country had filed the petition seeking sunset review of the anti-dumping duty on imports from these countries.
Based on the recommendations of the Designated Authority in the Directorate General of Trade Remedies in the Commerce Ministry in end March 2021, the Revenue Department has now imposed definitive anti-dumping duty of $46.27 a tonne on Normal Butanol imports from the EU; $51.42 a tonne from Petronas Chemicals Derivatives, Malaysia; $26.59 a tonne from BASF Petronas Chemicals and $149.31 a tonne from other producers from Malaysia; $35.66 a tonne on imports from Singapore; $13.24 a tonne on imports from So
Shares of Deepak Nitrite have held out against the market volatility over the past two weeks. As against a per cent decline in the frontline S&P BSE Sensex, the stock has jumped nearly 23 per cent during the period. Over the past six months, the stock has clocked a massive 135 per cent rally compared with a 27 per cent gain in the Sensex index. And analysts see more upside to the rally. “We believe Deepak Nitrite’s stellar stock performance over the past two years has been driven by the firm’s proactive strategy of pushing for ‘Make In India’, even before the formal policy was instituted by the government by consistently tapping into growth opportunities including import substitution avenues,” says Suvarna Joshi, senior research analyst at Axis Securities.
On 5 March, the new Director-General met with the Group of Least Developed Countries as well as the Friends of the System, an alliance of small and mid-sized members from different regions and development levels that are committed to a well-functioning multilateral trading system.
DG Okonjo-Iweala also addressed the first meeting of the Structured Discussions on Trade and Environmental Sustainability, at the invitation of the 53-member group that is exploring ways trade and the WTO can better contribute to achieving environmental goals.
In her discussions with the LDC Group, the Director-General noted that the COVID-19 pandemic had reversed one or even two decades of development progress for many LDCs, and that it continued to disrupt key LDC exports, whether of tourism services, commodities or manufactures. Trade and the WTO had a critical role to play, she said, both in making COVID-19 vaccines more affordable and accessible, and in driving a global recovery
Wednesday, 03 Mar 2021 01:50 PM MYT
President Joe Biden’s administration determined that imports from Germany in particular (US$287 million in 2019) benefited from dumping ranging from 40 to 242 per cent. Reuters pic
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WASHINGTON, March 3 The US Department of Commerce is preparing to tax aluminium sheet exporters from 18 countries after determining Tuesday they had benefited from subsidies and dumping.
The US International Trade Commission (ITC), an independent body, must approve the final decision by April 15 to impose anti-dumping or countervailing duties, a department statement said.
The investigation, launched under Donald Trump’s administration, had been requested by nearly a dozen US aluminium alloy manufacturers, including Arconic and Aleris Rolled products, which felt they were being harmed by competing imports at lower prices.