WTO unveils new rule for simplifying services trade, India stays out.
WTO unveils new rule for simplifying services trade, India stays out.
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | February 28, 2024 | Economy
Syllabus: GS-III, Subject: Economy, Topic: Trade and External sector, Issue: WTO MC 13
Context: The 13th Ministerial Conference (MCA 13) of the World Trade Organization announced new rules to streamline the international trade in services.
Highlights:
- Aim: To simplify procedures, make authorization processes more transparent and accessible.
- promote equal opportunities for service suppliers world wide.
- India is not a party to the agreement.
- Dialogue on Plastic Pollution: To reduce plastics pollution and promote environmentally sustainable trade in plastics.
Fact: India is the fifth-highest generator of plastic waste in the world.
| WTO’s Ministerial Conference:
● It is the highest decision-making body of the WTO ● The 13th Ministerial Conference is underway in Abu Dhabi, United Arab Emirates. |
Source: Mint
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