Tag: WTO
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Anti- Dumping Duty
Ref : https://indianexpress.com/article/business/economy/govt-clamps-down-on-dumping-from-china-over-1-3rd-anti-dumping-duties-levied-in-cases-with-sole-or-two-producers-since-fy22-9310194/ Why in the news? The government tightens restrictions on imports from China. More than a third of anti-dumping tariffs imposed in cases involving only one or two manufacturers since the fiscal year 2022. What is Anti-Dumping Duty? What is Countervailing duty (CVD)?
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WTO’s IFA
Important for Prelims: EconomyMains: General Studies I Recently (July 2023) over 110 (it does not include India) of the WTO 164 members concluded text-based negotiations on the Agreement on Investment Facilitation for Development (IFA). Agreement on Investment Facilitation for Development (IFA) Facilitation Vs Promotion Why Didn’t India Participate ? Practice Questions for Prelims Consider the following…
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World Trade Organisation (WTO)
Context: 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. Importance Prelims: International Relations, Current AffairsMains: UPSC General Studies Paper- II, Important International Institutions Background:• One of the central objectives of the WTO is to boost transparency and predictability…
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International Economic Organizations
Important for Prelims: Indian EconomyMains: General Studies Paper III NEWS of International Economic Organizations WTO panel rules against India in IT tariffs dispute with EU, others About the News: About World Trade Organization (WTO) Read more about WTO, click here Practice Questions for Prelims Identify the correct sequence of steps involved in becoming a WTO…
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