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    Question

    Which of the following Development Round of WTO was held

    in 2001? 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.
    A Geneva Round Correct Answer Incorrect Answer
    B Annecy Round Correct Answer Incorrect Answer
    C Geneva Round Correct Answer Incorrect Answer
    D Doha Round Correct Answer Incorrect Answer
    E Dillion round Correct Answer Incorrect Answer

    Solution

    Geneva Round (April 1947) тАУ GATT was signed. Annecy Round (April 1949) тАУ Tariff Concessions discussed. Torquay Round (September 1950) тАУ Cut in tariff levels. Geneva II Round (January 1956) тАУ Japan was admitted and tariff reductions. Dillion round (September 1960) тАУ Tariff Concessions. Kennedy Round (May 1964) тАУ Tariff Concessions and Anti-Dumping covered. Tokyo Round (September 1973) тАУ Tariff, Non-Tariff measures discussed. Uruguay Round (September 1986) тАУ WTO was created, tariffs and agricultural subsidies were reduced. Doha Round (November 2001)

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