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

WTO -12th ministerial conference (MC12)

The 12th Ministerial Conference of World Trade Organization (WTO) started on June 12, 2022. Highlights It is being held at WTO headquarters in Geneva, Switzerland. The conference will be concluded on June 15, 2022. It was due to take place in 2021 but got postponed due to covid-19 pandemic. Agenda of the conference Chief of ..

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Developing Country Tag at WTO

The World Trade Organization recently provided the “developing country” tag. This couldn’t be accepted by several countries. About the tag at WTO The organization has officially not created any definitions for “Developed” or “developing “countries. However, when a tag is provided other countries can challenge the offering. Though, WTO has not provided the definition, two ..

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1st Meeting of “BRICS Contact Group on Economic and Trade Issues”

The BRICS Contact Group on Economic and Trade Issues (CGETI) held their first meeting under the Chair ship of India. The meeting was held from March 9 to March 11, 2021. The meeting was held under the Theme –“BRICS @15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus”. Highlights India under its Chair ship for 2021, presented ..

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RoDTEP Scheme

The Government of India recently announced that the benefits of RoDTEP (Remission of Duties and Taxes on Exported Products) scheme is to be extended to all goods. What is RoDTEP Scheme? The RoDTEP Scheme was launched in 2020 to boost exports of India in International markets. Under the scheme, a mechanism will be created for ..

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India to host WTO Ministerial Meeting of Developing Countries

India will be hosting a World Trade Organisation (WTO) Ministerial meeting of developing countries in New Delhi on 13-14 May 2019. The aim is to discuss various challenges being faced by multilateral rules-based-trading system. Key Highlights of Meeting Participants: includes Six Least Developed Countries (LDC), namely Benin, Bangladesh, Central African Republic (CAR), Chad, Uganda, Malawi. ..

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India ratifies UN TIR Convention in a bid to Counter China's OBOR

India has become the 71st nation to join the United Nations TIR (Transports Internationaux Routiers) Convention. India’s decision to join the convention is part of its multi-modal transport strategy that aims at integrating Indian economy with global and regional production networks through better connectivity. In March 2017, Union Cabinet had approved India’s accession to the Customs Convention on International ..

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