World Trade Organisation

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

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 ..


Mission COVID Suraksha: Key Facts

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 ..


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

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 ..


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

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 ..


WTO gives US final authorisation to impose tariffs on EU products

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 ..


Developing Country Status in WTO

US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. President Trump questioned the “developing country” status ..