WTO Current Affairs, GK & News

WTO  Current Affairs, GK & News

India in WTO Fisheries Negotiation

India recently submitted its proposal at the on-going negotiations at the World Trade Organization (WTO) on preventing harmful fisheries subsidies. The negotiations are being done as according to WTO the harmful fisheries subsidies are estimated to be at 14 billion USD to 20.5 billion USD. What are the proposals placed by India? Under its proposal ..

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India-Denmark sign Memorandum of Understanding on Intellectual Property Cooperation

On September 26, 2020, the Department for Promotion of Industry and Internal Trade (DPIIT) and Ministry of Industry, Business and Financial Affairs signed Memorandum of Understanding on Intellectual Property Cooperation. Highlights The countries signed the agreement on the following To exchange experiences, best practices and knowledge of IP awareness among businesses, public, research and educational ..

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WTO members fail to agree on an interim leader due to political differences

The World Trade Organization has not been able to select a caretaker chief due to an impasse among the members who must agree by November on a replacement for the outgoing Director-General Roberto Azevedo. It has been reported by the organization based in Geneva, Switzerland. Details The WTO is unlikely to able to fill the ..

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G20 Video Summit on Corona Virus

The Saudi Arabian King Salman is to chair the G20 summit on Corona Virus through a video conference. The Summit is to be held on March 26, 2020. The summit becomes significant as several international organizations are to participate in the summit. India is a member of G20. International Organizations Several worldwide international organizations are ..

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US removed “Developing” Tag for India: What are its implications?

Recently, the United States of America removed the “developing” tag for dozens of countries. India is one amongst them. These countries are to be classified as developed economies Highlights The “Developing” status for a country in the US is associated with US Trade Act, 1974. The act authorized General System of Preferences (GSP). The intention ..

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