CLAT  >  Passage Based Questions for CLAT Preparation  >  Passage Based Questions: Current Affairs & GK - 1

Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT

Document Description: Passage Based Questions: Current Affairs & GK - 1 for CLAT 2022 is part of Passage Based Questions for CLAT Preparation preparation. The notes and questions for Passage Based Questions: Current Affairs & GK - 1 have been prepared according to the CLAT exam syllabus. Information about Passage Based Questions: Current Affairs & GK - 1 covers topics like and Passage Based Questions: Current Affairs & GK - 1 Example, for CLAT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Passage Based Questions: Current Affairs & GK - 1.

Introduction of Passage Based Questions: Current Affairs & GK - 1 in English is available as part of our Passage Based Questions for CLAT Preparation for CLAT & Passage Based Questions: Current Affairs & GK - 1 in Hindi for Passage Based Questions for CLAT Preparation course. Download more important topics related with notes, lectures and mock test series for CLAT Exam by signing up for free. CLAT: Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT
1 Crore+ students have signed up on EduRev. Have you?

Direction: Read the passage and answer the questions as asked below:
India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel which ruled that the country’s domestic support measures for sugar and sugarcane are inconsistent with global trade norms, an official said.
The appeal was filed by India in the WTO’s Appellate Body, which is the final authority on such trade disputes. India has stated that the WTO’s dispute panel ruling has made certain “erroneous” findings about domestic schemes to support sugarcane producers and exports and the findings of the panel are completely “unacceptable” to it.
The panel in its ruling on December 14, 2021 recommended India to withdraw its alleged prohibited subsidies under the Production Assistance, the Buffer Stock, and the Marketing and Transportation Schemes within 120 days from the adoption of this report. The official said that the dispute panel’s findings are unreasonable and not supported by the WTO rules and also evaded key issues which it was obliged to determine.
“The panel’s findings on alleged export subsidies undermine logic and rationale. India has appealed in the appellate body of the WTO against the panel’s ruling,” the official added. According to WTO rules, a WTO member or members can file a case in the Geneva-based multilateral body if they feel that a particular trade measure is against the norms of the WTO.
Bilateral consultation is the first step to resolve a dispute. If both the sides are not able to resolve the matter through consultation, either can approach for the establishment of a dispute settlement panel. The panel’s ruling or report can be challenged at the World Trade Organization’s Appellate Body.
Interestingly, the appellate body of the WTO is not functioning because of differences among member countries to appoint members in this body. Over 20 disputes are already pending with the appellate body. The US has been blocking the appointment of the members. Even if the body, which is the final arbiter on such trade disputes, starts working from now, it would take over an year to take up India’s appeal.
According to trade experts, if the appellate body also passes a ruling against India’s support measures, New Delhi has to abide by that and make appropriate changes in the way it provides those measures.

Question for Passage Based Questions: Current Affairs & GK - 1
Try yourself:Which of the following is not among the countries that raised concerns?
View Solution

Question for Passage Based Questions: Current Affairs & GK - 1
Try yourself:Which country recently got the ‘developing country’ status at the World Trade Organization (WTO), that became a contentious issue with a number of countries raising concerns against the decision?
View Solution

Question for Passage Based Questions: Current Affairs & GK - 1
Try yourself:Who is the Director-General of the World Trade Organisation?
View Solution

Question for Passage Based Questions: Current Affairs & GK - 1
Try yourself:GATT (General Agreement on Tariffs and Trade) traces its origins to the 1944 Bretton Woods Conference, that established two key institutions, which of the following is one of them?
View Solution

Question for Passage Based Questions: Current Affairs & GK - 1
Try yourself:Which country was the latest one to be granted observer status to WTO?
View Solution

The document Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT is a part of the CLAT Course Passage Based Questions for CLAT Preparation.
All you need of CLAT at this link: CLAT

Related Searches

Objective type Questions

,

Previous Year Questions with Solutions

,

Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT

,

Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT

,

mock tests for examination

,

ppt

,

Passage Based Questions: Current Affairs & GK - 1 Notes | Study Passage Based Questions for CLAT Preparation - CLAT

,

Semester Notes

,

Viva Questions

,

past year papers

,

study material

,

shortcuts and tricks

,

Sample Paper

,

pdf

,

Extra Questions

,

MCQs

,

Important questions

,

Summary

,

video lectures

,

Free

,

practice quizzes

,

Exam

;