Page-3 of World Trade Organisation Current Affairs, GK & News

Imports from Pakistan to India decline by 92% in March 2019

Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights Background: On February 2019, in aftermath of Pulwama terror attack for which Pakistan based JeM ..

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WTO Appellate Body and Structural Crisis

World Trade Organization’s (WTO’s) Appellate Body based in Geneva, Switzerland hears appeals in trade disputes. About the Appellate Body WTO’s Appellate Body is a standing body of seven persons that hears appeals from reports issued by panels in disputes brought by WTO Members. The Appellate Body can uphold, modify or reverse the legal findings and conclusions of ..

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India seeks to push reforms at WTO

The Ministry of Commerce and Industries is arranging a mini-ministerial meeting of developing countries on May 13-14 to discuss the future of the multilateral body, World Trade Organisation (WTO) and the development agenda. India is expected to invite close to two dozen countries for discussions on May 13-14. It is second such initiative undertaken by ..

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Policy Priorities proposed in World Economic Outlook to arrest the Downward Growth Trend

The International Monetary Fund in its World Economic Outlook has suggested various policy measures to arrest the downward growth trend. They are: Resolving cooperatively and quickly the trade disagreements which may derail the global trade and addressing the resulting policy uncertainty, rather than further creating harmful barriers and destabilizing an already slowing global economy. Accomplishing ..

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India mulls new group of 8-10 countries in WTO

India is considering bringing together group of 8-10 member countries of World Trade Organisation (WTO) to prepare agenda for creation of conducive atmosphere to ensure smooth functioning of the global trade body. Key Facts It would be an informal group within WTO, which may also include nations like Brazil, China, South Africa, China, Indonesia and ..

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