Question
Which of the following is the highest decision making body in the World Trade Organisation?
Read the below passage and attempt the following questions (Q no 5 to 8). India is close to resolving its most contentious trade dispute, involving information communications technology (ICT) products, with its second largest trade partner, the European Union (EU), a senior government official said. This comes on the heels of India settling all seven trade disputes at the World Trade Organization (WTO) with its largest trade partner, the US. Brussels had dragged New Delhi to the WTO’s dispute settlement mechanism in 2019 challenging its levying of import duty on a wide range of ICT products including mobile phones and components, base stations, integrated circuits and optical instruments claiming that the duty was inconsistent with global trade norms and was hurting €600 million worth of its tech exports to India. The dispute assumes significance as it was feared to affect India’s efforts to boost electronic products manufacturing — a strategic sector in which India is trying to cut its reliance on China. An adverse final ruling could have also meant disruption of the flagship production-led incentive (PLI) scheme due to the rolling back of duties.
More Economic and Social Issues ESI Questions
- Which of the following is/are True? I- The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social ...
- The Sansad Ratna Awards 2023 are conferred to the Members of Parliament for enriching parliamentary proceedings with their rich insights. Dr. APJ Abdul Kal...
- Which initiative helped reduce the misuse of household cylinders for commercial purposes and ensured subsidies reached the intended beneficiaries by direct...
- Which department approved the continuation of the unified central sector scheme 'Vigyan Dhara'?
- Consider the following Statements about: (1) Self-Help Groups (henceforth SHGs) have emerged to fill the gap in the formal credit system because the forma...
- The Solar Energy Corporation of India Ltd (SECI) recently attained which status as recognized by the Ministry of Finance?
- If the subscriber dies, what percentage of the pension is provided to the spouse as a family pension?
- Through which of the following ways the PMKSY Scheme is implemented?
- Which of the following correctly describes an Open Economy?
- According to the Climate Risk Index 2026, where does India rank among the most climate-affected countries during 1995–2024, and what were the estimated eco...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt