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 ..

Month: Current Affairs - December, 2019

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 ..

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 ..

Month: Current Affairs - November, 2019

WTO Panel rejects India’s claims on Steel issues with the US

The World Trade Organization panel on November 15, 2019, rejected several claims of India against US on steel duties. India earlier complained to the organization that the United States is breaching international trade rules in 14 areas. Following which, WTO ..

Month: Current Affairs - November, 2019

October 7: World Cotton Day; Textile Minister attends the program

The World Cotton Day (WCD) is being organized by the WTO in collaboration with UN, FAO (Food and Agriculture Organization), UNCTD (United Nations Conference on Trade and Development), International Trade Center and International Cotton Advisory Committee. The World Cotton Day ..

Month: Current Affairs - October, 2019

US widens trade war with European states; Indian Sensex dips 200 points

The US imposed tariffs on 7.5 billion USD worth European exports. The WTO had earlier ruled that US could target goods from EU nations as they had failed to comply ruling regarding subsidies for Airbus. The US had imposed tariff ..

Month: Current Affairs - October, 2019

Developing Country Status in WTO

US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. President Trump questioned the “developing country” status ..

US Tariff Wars

While the United States and China are already engaged in a massive trade war which is also impacting other countries, President Trump has attacked the World Trade Organization for refusing to recognize the fact that the nations of India and ..

India to Impose Retaliatory Tariff on American Goods

India has decided to impose long-pending retaliatory tariffs on 29 US products. This is seen as India s retaliatory measure against US decision to impose tariffs on Indian goods and withdrawal of the Generalized System of Preferences (GSP) for Indian ..

SCO: Bishkek Declaration

The Bishkek Declaration released at the Shanghai Cooperation Organization (SCO) urged the international community to strengthen global cooperation in efforts against terrorism without politicization and double standards. Countering Terrorism and Promoting Cooperation The declaration called for enhanced cooperation to promote ..