TRIPS AGREEMENT Subject: International Agreements Context: India, others push for TRIPS waiver scope beyond Covid vaccine at WTO Concept: India is among 62 World Trade Organization (WTO) members that are pushing this draft, which limits the waiver period to three years, with a provision to review the duration. However, the proposal continues to […]
RCEP Subject: International Agreements Context: Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, becoming the first country to do so. Concept: Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) between – The 10 members of ASEAN Additional members of ASEAN +3 = China, Japan, South Korea Members with […]
TRIPS AGREEMENT Subject: International Agreements Context : US considering supporting India , South Africa at WTO. Concept : TRIPS is an international agreement administered by the World Trade Organization (WTO), which sets down minimum standards for many forms of intellectual property (IP) regulations as applied to the nationals of other WTO Members. It […]
INDUS WATER TREATY Subject : International Agreements Context : India justifies designs of PakalDul, Lower Kalnai hydro projects in J-K as Pakistan objects. Concept : Pakistan raised objections to the designs of PakalDul and Lower Kalnai hydropower plants in Jammu and Kashmir and sought more information on the projects in Ladakh sanctioned after […]
PERMANENT INDUS COMMISSION Subject : International Agreements Context : The Indus Commissioners of India and Pakistan will meet here on March 23 and 24 to discuss a host of issues, including Islamabad’s concerns to the design of Indian hydropower projects on the Chenab River, a top official said on Sunday. Concept : The […]
TRIPS AGREEMENT Subject: International Agreements Context : India’s joint proposal with South Africa at the World Trade Organisation for a waiver of certain Trade Related Intellectual Property Rights obligations to ensure smooth supply of medicines and vaccines during the Covid-19 pandemic. It has gained support from most developing countries while several developed members, […]
CPEC Subject: International agreements Context: Pakistan says it seeks to strengthen trade ties with the Sri Lanka through CPEC. Concept: The CPEC is part of China’s larger regional transnational ‘One Belt One Road’ (OBOR) initiative, whose two arms are the land-based New Silk Road and the 21st century Maritime Silk Road, using which […]
BTIA Subject : International Agreements Context: India – EU Sumit is scheduled to take place this year may. This has increased the expectations about BTIA. Concept: About BTIA: In June 2007, India and the EU began negotiations on a broad-based Bilateral Trade and Investment Agreement (BTIA) in Brussels, Belgium. These negotiations are pursuant […]
CPTPP Subject: International Agreements Context: Britain will next week formally apply to join a trans-Pacific trading bloc of 11 countries, with negotiations set to start later this year, the government said Concept: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership may be referred to as a free trade agreement between the countries Australia, […]
Subject: International Agreements Context: Governments across the globe have agreed to give further consideration to the concept of an International Maritime Organisation (IMO)-supervised, industry financed, $5-billion fund, to be governed by an autonomous board. Concept: The proposal , backed by eight of the global shipping industry’s top associations seeks to impose a mandatory levy of […]