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India Opposes WTO Investment Deal Amid Isolation Risk Why in the News ? Ahead of the 14th WTO Ministerial Conference (MC14) in Cameroon, India is opposing the China-backed Investment Facilitation for Development (IFD) Agreement, risking diplomatic isolation as over 128 WTO members support it, raising concerns about multilateralism and equity. India’s Opposition to IFD Agreement: …
Read MoreBRICS Nations Reject EU’s Carbon Border Tax Why in the News? BRICS nations have strongly condemned the European Union’s Carbon Border Adjustment Mechanism (CBAM), calling it unilateral, discriminatory, and unfair. This marks their toughest stance yet against climate-linked trade measures that affect developing economies’ competitiveness and development goals. BRICS Statement on Climate Measures: BRICS nations, …
Read MoreSyllabus: GS 2: India and its Neighbourhood Why in the News? Recently, China has now become the country with the largest foreign debt, with more than 25% of global bilateral external debt owed to it by the end of 2023. Introduction China emerged as the world’s largest bilateral lender at the end of 2023, accounting …
Read MoreSyllabus: GS 2: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests. Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Why in the News? This article is in the news because the expiration of the U.S. Generalised System of Preferences (GSP) programme in 2020 …
Read MoreSyllabus: GS 2: Important International institutions, agencies and fora- their structure, mandate. Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources. Focus: The world is negotiating a pandemic treaty to strengthen global health response. But as long as rich countries pursue their trade interests, equity will remain elusive Source:- …
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