World Trade Organisation (WTO)
India’s demands in WTO MC12
12th ministerial conference of the World Trade Organization (WTO) started from June 16, 2022. Highlights The conference looks forward to reach a consensus on several issues like regulating fisheries subsidies, food security and intellectual property waiver for covid-19 vaccines. This ..
Month: Current Affairs - June, 2022
Category: International / World Current Affairs
India’s WTO dispute over sugar subsidies- Update
At the World Trade Organisation (WTO), India has lost the dispute over subsidies of sugar exports with the dispute settlement panel. Highlights The dispute settlement panel ruled against India, on a complaint filed by Brazil, Australia, and Guatemala. However, this ruling will ..
Month: Current Affairs - December, 2021
WTO MC12 conference postponed
World Trade Organisation (WTO) has postponed its “World Trade Organization ministerial conference (WTO MC 12), due to concerns over new Omicron Covid-19 variant. Highlights The WTO MC 12 was scheduled to held in November 2021. The WTO was hoping that ..
Month: Current Affairs - November, 2021
WTO: Global Goods Trade continues recovery
As per World Trade Organisation’s (WTO) Goods Trade Barometer, Global merchandise trade is continuing its robust recovery post COVID-19 pandemic. The trade barometer hit a record high in its latest reading. Key Points Barometer recorded a reading of 110.4. It ..
Month: Current Affairs - August, 2021
Serbia grants market access for Indian Horticulture Products
Serbia market has opened its market for Indian potatoes, onions, pomegranate, and pomegranate arils. Key Points As per Agriculture and Processed Food Export Development Authority (APEDA), phytosanitary certificate is not required to export pomegranate fruits & arils and onion bulbs growing in ..
Month: Current Affairs - June, 2021
WTO to start Covid-19 Vaccine Supply Negotiations
World Trade Organization (WTO) is set to start formal Covid-19 Vaccine Supply negotiations in a bid to boost COVID-19 vaccine supply in developing countries. Key points However, the proposal face rival as one is with waiver of intellectual property rights ..
Month: Current Affairs - June, 2021
Intellectual Property Waiver for COVID Vaccines
India and South Africa proposed for IP waiver at the World Trade Organisation in 2020. This has now been backed by the United States. The US will further negotiate at the World Trade Organisation to waive Intellectual property for COVID-19 ..
Month: Current Affairs - May, 2021
Union Cabinet approves India-Bangladesh Cooperation in Trade
The Union Cabinet recently approved the Memorandum of Understanding signed between the Director General of Trade Remedies of India and Trade and Tariff Commission of Bangladesh. The agreement was signed to increase the cooperation in the area of trade remedies. ..