NEW DELHI SITE OF TRADE FREE AGREEMENT FOR 2010. Trade ministers began talks in New Delhi on Thursday which World Trade Organization (WTO) chief Pascal Lamy said could prepare the ground for reaching a world free-trade agreement by 2010. The WTO director general was concerned about the "chilling effect" of trade barriers and underlined that it was only through the Doha round that issues like generating market access, reduction of obstacles to trade and leveling ... Read More

INDIA’S EXPORTS IN DECLINE MODE. India's exports declined for the 10th straight month in July, according to government data released Tuesday. India recently announced a new foreign trade policy which envisaged tax refunds and incentive measures to arrest the decline in exports and check job cuts. India's export industry has been badly hit by the economic slowdown in its traditional markets of Europe and United States, which account for 40 per cent of exports. While announcing the new five-year policy, federal Trade ... Read More