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 WTOтАЩs 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 тВм600 million worth of its tech exports to India. The dispute assumes significance as it was feared to affect IndiaтАЩs efforts to boost electronic products manufacturing тАФ 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.Solution
The WTOтАЩs top-level decision-making body is the Ministerial Conference, which usually meets every two years. Below this is the General Council (normally ambassadors and heads of delegation in Geneva, and sometimes officials sent from membersтАЩ capitals), which meets several times a year in the Geneva headquarters. The General Council also meets as the Trade Policy Review Body and the Dispute Settlement Body. At the next level, the Goods Council, Services Council and Intellectual Property (TRIPS) Council report to the General Council. Numerous specialized committees, working groups and working parties deal with the individual agreements and other areas such as the environment, development, membership applications and regional trade agreements. All WTO members may participate in all councils and committees, with the exceptions of the Appellate Body, Dispute Settlement panels and plurilateral committees.
рд╢реБрджреНрдз рд╢рдмреНрдж рд╣реИ -
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ embodied cost┬а рд╢рдмреНрдж рдХрд╛ рд╡рд┐рддреНрддреАрдп рд╢рдмреНрджрд╛рд╡рд▓реА рдореЗрдВ я┐╜...
'рд╕реБрдмрд╣ рд╣реБрдИ рдФрд░ рдЪрд┐рдбрд┐рдпрд╛ рдЙрдб рдЧрдИ'ред рдпрд╣ рдХрд┐рд╕ рддрд░рд╣ рдХрд╛ рд╡рд╛рдХреНрдп рд╣реИ ?
рдХреМрди-рд╕рд╛ рд╢рдмреНрдж 'рдмреНрд░рд╣реНрдорд╛' рдХрд╛ рдкрд░реНрдпрд╛рдпрд╡рд╛рдЪреА рдирд╣реАрдВ рд╣реИ?
рдЕрдирд┐рд╡рд╛рд░реНрдп рдХрд╛ рд╡рд┐рд▓реЛрдо рд╢рдмреНрдж рдХреНрдпрд╛ рд╣реЛрдЧрд╛?
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ рдХреМрди рд╕рд╛ рд╡рд╛рдХреНрдп рд╢реБрджреНрдз рд╣реИ?
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рд╕реЗ рд╕рд╣реА рдЕрд░реНрде рдХрд╛ рдЪрдпрди рдХрд░реЗрдВред┬а
'рдиреЗрдХреА рдХрд░ рджрд░рд┐рдпрд╛ рдореЗрдВ рдбрд╛рд▓' рд▓реЛрдХреЛрдХреНрддрд┐ рдХрд╛ рдЙрдкрдпреБрдХреНрдд рдЕрд░реНрде рд╣реИ:
'рд╣рд┐рд░рдгреНрдпрдЧрд░реНрдн' рдХрд╛ рдкрд░реНрдпрд╛рдпрд╡рд╛рдЪреА рд╢рдмреНрдж рд╣реИ
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ 'рддрддреНрд╕рдо рд╢рдмреНрдж рдХреМрдирд╕рд╛ рд╣реИ?