Multilateral Trading System Current Affairs, GK & News
Commercial Policy Instruments (CPI) like levying import duty (tariff) as well as other tariffs and adapting other non-tariff barriers like quantitative restrictions enable a country such as India to safeguard its industries from these gigantic claws of the developed countries. If there are no commercial policy instruments, it would be very difficult to compete with ..
On November 15, 2020, China and fourteen other countries signed a deal to set up the world largest trading bloc. The negotiations to sign the deal began in 2011. These 15 countries account to 30% of world population and 30% of global GDP. Thus, the deal is the world largest Free Trade Agreement. Key Highlights ..
Category: International Current Affairs
India will be hosting a World Trade Organisation (WTO) Ministerial meeting of developing countries in New Delhi on 13-14 May 2019. The aim is to discuss various challenges being faced by multilateral rules-based-trading system. Key Highlights of Meeting Participants: includes Six Least Developed Countries (LDC), namely Benin, Bangladesh, Central African Republic (CAR), Chad, Uganda, Malawi. ..
Month: Current Affairs - May, 2019
Topics: Committee for Development • Director-General WTO • Economic Vulnerability Index • Gross national income • Human Assets Index • India-WTO • Inida • Kazakhstan • LDC • Multilateral Trading System • New Delhi • Roberto Azevedo • UN • World Trade Organization (WTO) • WTO • WTO Disputes • WTO Ministerial Meeting • WTO’s Twelfth Ministerial Conference