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GS Paper 2 Syllabus: Important International institutions, agencies and fora, their structure, mandate Source: TH Context: 3 WTO dispute settlement panels have found India’s tariffs (between 7.5 – 20%) on certain ICT products such as mobile phones inconsistent with India’s WTO obligations. Background: One of the central objectives of the WTO is …
Facts for Prelims (FFP) Source: LM Context: India has been issuing quality control orders (QCO) for products of mass consumption, including machinery safety equipment, pressure cookers, toys and air conditioners, to curb Chinese imports and boost exports. However, several WTO members have objected to this move and say that India’s QCOs are protectionist and may …
GS Paper 2 Syllabus: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Source: TH Context: India should not be opposed to joining the investment facilitation agreement (IFA) negotiations for fear of investor-state dispute settlement claims. Background: Even if the World Trade Organization (WTO) is inactive, IFA is one …
Facts for Prelims (FFP) Source: WTO Context: WTO has recently released this report. Key findings: World merchandise trade will grow slower ( 1.7% in 2023) before picking up to 3.2% in 2024 Risks to global trade: Geopolitical tensions, food insecurity, potential financial instability stemming from monetary policy tightening, and increasing levels of debt …
InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
Continue reading “[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 13 March 2023”
InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
Continue reading “[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 24 January 2023”
Click on EACH question to post/upload you answers. How to Follow Secure Initiative? How to Self-evaluate your answer? MISSION – 2022: YEARLONG TIMETABLE Join IPM 4.0 to get an assured review of 2 secure answers everyday General Studies – 1 Topic: urbanization, their problems and their remedies. 1. Solid waste management (SWM) in urban …
Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. 6. For India, though the multilateral trading system embodied by the WTO provides security and predictability. India has had a chequered relationship with the World Trade Organisation (WTO). Examine. Suggest reforms that needs to be undertaken in the …
GS Paper 2: Topic covered: Important International institutions, agencies and fora, their structure, mandate. Context: The European Union has launched a case against Beijing at the World Trade Organization (WTO) for targeting Lithuania over its stance on Taiwan. Lithuania made waves in July when it allowed Taiwan to open a diplomatic outpost in Vilnius. …
GS Paper 2: Topics Covered: Important International institutions. Context: China’s status as a ‘developing country’ at the World Trade Organization (WTO) has become a contentious issue with a number of countries raising concerns over the upper middle-income nation deriving benefits reserved for developing countries under WTO norms. Moreover, concerns have been raised over the …
Continue reading “China’s status as a ‘developing country’ at the World Trade Organization (WTO):”
Context: The World Trade Organization (WTO)’s 12th Ministerial Conference (MC12) is being convened in Geneva, Switzerland at the end of this month, a year-and-a-half after it was scheduled to be held in Kazakhstan. The MC12 is being held at an important juncture when the global trade scenario is quite upbeat. About World …
Continue reading “Insights into Editorial: Charting a trade route after the MC12”
Topics Covered: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. Who are the developing countries in the WTO? What to study? For Prelims: Categories of countries in WTO. For Mains: Need for, implicating, significance and concerns. Context: US president has asked for changing the WTO rules for changing the …
Continue reading “Who are the developing countries in the WTO?”
Introduction: January 1st 2020 marked the silver jubilee of the World Trade Organisation. The world trade body was established on 1st of January, 1995. It was the biggest reform in international trade since the end of the Second World War. Ever since its inception, the world body has presided over international trade ensuring …
