World Trade Organisation (WTO) Current Affairs, GK & News

India’s demands in WTO MC12

12th ministerial conference of the World Trade Organization (WTO) started from June 16, 2022. Highlights The conference looks forward to reach a consensus on several issues like regulating fisheries subsidies, food security and intellectual property waiver for covid-19 vaccines. This conference usually takes place once in two years. However, this year ministers are meeting after ..

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India’s WTO dispute over sugar subsidies- Update

At the World Trade Organisation (WTO), India has lost the dispute over subsidies of sugar exports with the dispute settlement panel. Highlights The dispute settlement panel ruled against India, on a complaint filed by Brazil, Australia, and Guatemala. However, this ruling will not come into effect immediately because, India will file an appeal against this report. Furthermore, ..

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WTO MC12 conference postponed

World Trade Organisation (WTO) has postponed its “World Trade Organization ministerial conference (WTO MC 12), due to concerns over new Omicron Covid-19 variant. Highlights The WTO MC 12 was scheduled to held in November 2021. The WTO was hoping that four-day gathering in Geneva would bring new life into the organisation, which was stuck for ..

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WTO: Global Goods Trade continues recovery

As per World Trade Organisation’s (WTO) Goods Trade Barometer, Global merchandise trade is continuing its robust recovery post COVID-19 pandemic. The trade barometer hit a record high in its latest reading. Key Points Barometer recorded a reading of 110.4. It is the highest on record since July 2016. Reading was up more than 20 points ..

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Serbia grants market access for Indian Horticulture Products

Serbia market has opened its market for Indian potatoes, onions, pomegranate, and pomegranate arils. Key Points As per Agriculture and Processed Food Export Development Authority (APEDA), phytosanitary certificate is not required to export pomegranate fruits & arils and onion bulbs growing in India. However, this certificate is required for export of potatoes. Potato consignments needs to be ..

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WTO to start Covid-19 Vaccine Supply Negotiations

World Trade Organization (WTO) is set to start formal Covid-19 Vaccine Supply negotiations in a bid to boost COVID-19 vaccine supply in developing countries. Key points However, the proposal face rival as one is with waiver of intellectual property rights while the other is without a waiver of intellectual property rights. South Africa, India and ..

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