PIB 16th January legacyias.com/pib-16th-january/ January 17, 2020
Contents: 1. 2. 3. 4. 5. 6. 7.
India and WTO Zanskar River in the UT of Ladakh K9 Vajra T-Gun $88 million loan agreement for Assam Inland Water Transport Project Ladakh Food Processing Summit The end of Bru-Reang Refugee Crisis Barapullah DESMI Waste Water Management Project
INDIA AND WTO Focus: Mains- GS3-Economy, GS2- International organizations, Governance
Why in news? The Minister of commerce and industry put forward his view at Raisina dialogues
Major Points of dialogue: India believes in Multilateralism and Strengthening WTO India has been at the receiving end of unfair trade practices for a very long time and therefore believes in the creation of a far more reformed rules based trading system India is one of the first four countries to pay all its dues to the World Trade Body Trade Policies will have to be people Centric Trade policies that are people centric to be sustainable, to eliminate poverty and raise prosperity levels for all citizens India allows e-commerce companies to work on the marketplace model where buyers and sellers are free to buy and sell and follow the rules of the marketplace and laws of the country which clearly say that FDI in multi-brand retail will only be allowed up to 49%. India is in dialogue with EU and the US to sort out pressing trade issues and further expand engagement with them
Background
1/7