TagInternational Trade

India’s Equalisation Levy, Digital Services Trade, and the Evolutionary Approach – Part II

[Ayushi Singh is a 5th year student at National Law University, Jodhpur] As mentioned in the previous post, USA could challenge the equalisation levy and similar digital services taxes for violation of the most favoured nation [MFN] treatment under article I of the General Agreement on Trade in Services [GATS]. Before unpacking the possible arguments for an MFN action, some unique ambiguities...

India’s Equalisation Levy, Digital Services Trade, and the Evolutionary Approach – Part I

[Ayushi Singh is a 5th year student at National Law University, Jodhpur] Multilateral trade relations have suffered numerous blows from proponents of unilateral protectionism in the form of trade wars and economic warfare. The issue of digital taxation has the potential of becoming an additional blow. The United States Trade Representative [USTR] has announced the initiation of investigations...

Call for Submissions: Trade, Law and Development

[Announcement on behalf of Trade, Law and Development] The Board of Editors of Trade, Law and Development is pleased to invite original, unpublished manuscripts for publication in the Winter ’20 Issue of the Journal (Vol. 12, No. 2) in the form of ‘Articles’, ‘Notes’, ‘Comments’ and ‘Book Reviews’. Manuscripts received by August 15, 2020, pertaining to any area within the purview of international...

Is India’s Latest FDI Regulation in Violation of WTO Law?

[Ashi Mehta and Parv Kaushik are IV year B.A L.L.B (Hons.) students at the National Law School of India University, Bengaluru] On 17 April 2020, the Indian Ministry of Commerce & Industry issued a press note, which makes foreign direct investment (FDI) from an entity located in a land-bordering country subject to prior government approval. The stated aim of this amendment is to curb...

Call for Submissions: Trade, Law and Development

[Announcement on behalf of Trade, Law and Development] Founded in 2009, the philosophy of Trade, Law and Development has been to generate and sustain a constructive and democratic debate on emergent issues in international economic law and to serve as a forum for the discussion and distribution of ideas. In keeping with these ideals, the Board of Editors is pleased to announce ‘Trade in Services:...

Appointment of Judges to the Appellate Dispute Settlement Body of the WTO: The Ongoing Impasse

[Jyotsana Singh is a fifth-year student at National Law School of India University, Bangalore] The Dispute Settlement Body (DSB) of the World Trade Organization (WTO), popularly referred to as the ‘crown jewel’ of the said organization, is experiencing an unprecedented crisis. This crisis revolves around the issue of the American attempts at stalling the appointment of judges to the Appellate...

Call for submissions for the 10th volume of the Indian Journal of International Economic Law

[Announcement on behalf of the Indian Journal of International Economic Law] The Board of Editors of the Indian Journal of International Economic Law (IJIEL) is pleased to invite original and unpublished manuscripts for publication in Volume 10.  About the Journal The IJIEL is a student-edited and peer-reviewed law journal published annually by National Law School of India University, Bangalore...

Approval of Trade Facilitation Agreement in India – A Brief Overview

[The following guest post is contributed by Ananya Banerjee, a 5th Year Student of University of Calcutta, Department of Law] In another effort to promote the ease of doing business in India and to create a more business friendly environment in India, the Union Cabinet has, on February 17, 2016, approved the proposal for notification of commitments under the Trade Facilitation Agreement...

The Currency Conundrum

The financial press has been abuzz with discussions and commentaries on the recently initiated “currency war”. While much of the discussion is deeply embedded in macro-economics, the Critical Twenties blog has a useful overview of the tricky issues involved and their possible impact on the Indian economy, written in a manner that is palatable to the non-economist.

Delhi High Court clarifies Transfer Pricing law

In a fillip to the increasing global ambitions of Indian industries, the Delhi High Court, in Maruti-Suzuki India Ltd. v. ACIT, clarified the application of transfer pricing provisions to the use of foreign trademarks in India. The issue arose out of the Maruti-Suzuki collaboration all of us are well aware of, and was a good example of judicial intervention to stifle the parochial approach of the...

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