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The World Trade Organisation said that the amount of goods shipped between countries are expected to rise 3.5% this year.
India’s demand to continue the fisheries subsidies for the small-scale fishermen, for another 25 years, was rejected.
The WTO's General Council was taking up a temporary waiver for intellectual property protections that South Africa and India first proposed in October. The idea has gained support in the developing world and among some progressive lawmakers in the West.
The decision marks the first time that the Geneva-based trade body has ruled against a series of high-profile tariffs that President Donald Trump's government has imposed on a number of countries allies and rivals alike.
Besides, even with a ban, Chinese goods will continue to enter the country through ASEAN markets. India has free trade with ASEAN countries and China dominates this market.
India has won the case against the US with most of the ruling in favour of India.
India continues to remain on the US' 'Priority Watch List' for alleged violations of intellectual property rights.
Japan is the sixth country which wants to join the consultations sought by the European Union (EU) against India under the aegis of the WTO's dispute settlement mechanism.
Round Table India, the largest association of Round Table International, got new helmsmen at a 'change of guard' event in Lucknow.