World Trade Organisation (WTO) Current Affairs, GK & News
India and South Africa proposed for IP waiver at the World Trade Organisation in 2020. This has now been backed by the United States. The US will further negotiate at the World Trade Organisation to waive Intellectual property for COVID-19 vaccines. This will help in large scale production of COVID-19 vaccines in middle income countries. ..
Month: Current Affairs - May, 2021
Category: International Current Affairs
The Union Cabinet recently approved the Memorandum of Understanding signed between the Director General of Trade Remedies of India and Trade and Tariff Commission of Bangladesh. The agreement was signed to increase the cooperation in the area of trade remedies. The agreement was signed on March 27, 2021. Key Highlights The agreement aims to promote ..
The United States Department of Commerce is all set to tax aluminium sheet exporters from the 18 countries including India after the department determine that these countries had benefited from subsidies and dumping. Highlights This decision was taken by the US Department of Commerce after several U.S. aluminium alloy manufacturers complained that they were being ..
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 ..
The World Trade Organisation (WTO) is under pressure to consider the India’s proposal of Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver on Covid-19 vaccines. Key Points Pressure increased on WTO after several European Union lawmakers and group of least developed countries (LDC) provided their support to India’s proposal of waiving the TRIPS on vaccines. ..