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

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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Intellectual Property Waiver for COVID Vaccines

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. ..

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Union Cabinet approves India-Bangladesh Cooperation in Trade

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 ..

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