GATT Current Affairs, GK & News
India has made a fresh proposal at the World Trade Organisation (WTO) for the establishing the mechanism of true vaccine internationalism. India has also warned developed nations who are blocking proposal of temporary waiver of the intellectual property obligations. Highlights India warned them that even if they vaccinate all the citizens, they will be at ..
On November 17, 2020, the members of Asia Pacific Economic Cooperation (APEC) held a ministerial meeting virtually. During the meeting, the members committed to pursue free and open trade and investment towards the economic recovery from the impact of covid-19 pandemic. Highlights The meeting was chaired by Malaysia. This ministerial meeting comes ahead of the ..
Category: International Current Affairs
The Appeal Court of the World Trade Organization that acts as trade dispute settlement body for the members was shut down by the United States on December 9, 2019. The seven-member body that was cut down to a 3-member body in 2018 is now completely blocked by the United States. Without WTO’s appellate body, the ..
Category: Economy & Banking Current Affairs - 2022
A World Trade Organization (WTO) dispute resolution panel has granted India a victory in a 3-year-old case against the United States over restrictive trade practices. India has approached the WTO in September 2016 as it found that the American Domestic Content Requirements (DCRs) and the state-sponsored subsidies provided by 8 American states constituted unfair trade ..