WTO Current Affairs, GK & News

WFP- India Talks on procurement of wheat

The United Nations’ World Food Programme (WFP) is in discussions with India on the procurement of Indian wheat. Why World Food Programme (WFP) wants to procure wheat from India? This is because many countries all over the world are facing food security challenges due to the supply chain disruptions caused by the Russia-Ukraine war. How ..

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Permanent Normal Trade Relations (PNTR) Status

On 11th March 2022, Joe Biden, U.S. President announced that the U.S. will revoke Russia’s “permanent normal trade relations (PNTR)” status. This is to punish Russia for its invasion of Ukraine. About PNTR status Permanent normal trade relations status is a legal designation in the U.S. for free trade with a foreign country. In 1998, ..

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India-UK Roadmap 2030 and Enhanced Trade Partnership

The Indian Prime Minister Narendra Modi and the UK Prime Minister Boris Johnson held a virtual bilateral summit. During the summit, the leaders adopted an ambitious “Roadmap 2030”. This will help to elevate the bilateral ties between the countries. Also, the leaders launched the Enhanced Trade Partnership which is to be implemented through the 1.4 ..

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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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