World Trade Organisation: Current Affairs, GK & News - 2020-2021

APEC Ministerial Meeting: Economies commit to free open trade and investment

Published: November 17, 2020

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 ..

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Mission COVID Suraksha: Key Facts

Published: November 13, 2020

On November 12, 2020, the Finance Minister Nirmala Sitharaman announced Mission COVID Suraksha. Under the mission, the Government of India has allocated Rs 900 crores to the research and development of COVID-19 vaccines in India. The funds allocated do not cover the cost and distribution of the vaccines. Key Highlights The mission is a part ..

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WHO backs India’s proposal against “COVID-19 Vaccine Nationalism”

Published: October 19, 2020

Early in October, 2020, India and South Africa urged the TRIPS Council of the World Health Organization to waive certain rules to scale-up research, development, manufacturing and supply of medical products to fight against COVID-19. This has been backed by the World Health Organization. Highlights India and South Africa had proposed to ease international and ..

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World Trade Organization to be led by a woman for first time

Published: October 8, 2020

Established in 1995, the World Trade Organization has not yet had an opportunity to run under a woman director. For the first time, in its history the WTO will be led by woman. The selection committee of the organization has announced that South Korea’s Yoo Myung-hee and Nigeria’s Ngozi Okonjo Iweala are the two finalists ..

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WTO gives US final authorisation to impose tariffs on EU products

Published: October 15, 2019

The World Trade Organisation (WTO) has given United States the final authorisation to impose tariffs on European Union (EU) products in retaliation for illegal subsidies given to Airbus. Earlier in October 2019, a WTO arbitrator gave US the green light to slap tariffs on US $7.5 billion worth of European Union imports. The move comes ..

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