Page-2 of WTO Current Affairs, GK & News
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 ..
Month: Current Affairs - February, 2020
Category: Economy & Banking Current Affairs
Topics: developing countries • Economic growth • Foreign Trade • GSP • GSP Benefits • India-US • Trade Deficit • WTO
India-EU Summit: EU President calls on PM Modi
On December 21, 2019, the EU President called on PM Modi to discuss regarding an early India-EU summit 2020. It is expected that the leaders will discuss on making progress on the issues related to Bilateral Trade and Investment Agreement (BTIA), Europol, counter-terrorism, Euroatom, climate change, etc. The summit is to be held in Brussels. ..
Month: Current Affairs - December, 2019
Category: International Current Affairs
Topics: bilateral agreement • Foreign investments • India-EU • India-European Union • WTO
United States shuts down WTO appeal court
The Appeal Court of the World Trade Organization that acts as trade dispute settlement body for the members was shut down by the United States on December 9, 2019. The seven-member body that was cut down to a 3-member body in 2018 is now completely blocked by the United States. Without WTO’s appellate body, the ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: GATT • Trade Dispute • US-China trade dispute • World Trade Organization • WTO
5th Dialogue of NITI Aayog and DRC, China
The 5th Dialogue between the think tank of both India and China was held in Wuhan, China on Thursday, November 28, 2019. The dialogue is a part of the Memorandum of Understanding (MoU) signed by Prime Minister Narendra Modi during his visit to China in 2015. National Institution for Transforming India(NITI Aayog) and Development Research ..
Category: International Current Affairs
Topics: China • development research centre • DRC • innovation • Narendra Modi • NITI Aayog • Prime minister • Sino India • Think tank • WTO
Darjeeling Green Tea & White Tea receive GI Tag
On November 16, 2019, two tea varieties of Darjeeling were registered under “Geographical Indication of Goods (Registration and Protection) Act, 1999”. It includes Green Tea and White Tea of Darjeeling. Darjeeling Tea Darjeeling produces 85 lakh kilograms of tea. Of this Green Tea constitutes 10 lakh kilo grams and White Tea constitutes 1 lakh kilo ..
Month: Current Affairs - November, 2019
Category: Places in News Current Affairs
Topics: GI tag • Green Tea • Tea industry • Tea plantations • TRIPS • White tea • WTO