Current Affairs - International Trade & Treaties

Treaty On The Prohibition Of Nuclear Weapons Enters Into Force

  • The Treaty on the Prohibition of Nuclear Weapons (TPNW) entered into force on 22nd January 2021.

Open Skies Treaty

  • On 21st May, 2020, the United States announced its intention to withdraw from the Open Skies treaty (OST).

USA Exiting The Paris Agreement

In first week of November, 2019, the Trump administration gave formal notice to the United Nations regarding United States withdrawal from the Paris Climate Agreement.


India And Nuclear Supplier Group

Recently, while addressing a business gathering in the Bloomberg Global Business, New York, Indian Prime Minister made a pitch for India’s membership of the Nuclear Suppliers Group (NSG).


Retaliatory Import Tariffs On US Products

Why is it in News?

India extended the deadline to impose retaliatory import tariffs on 29 US products till June 16 from the earlier date of May 16 with a hope to resolve trade issues with the US and also because the US has not withdrawn the Generalised System of Preferences which was to happen in the beginning of May.


WTO’s Assessment Of Trade Policies

Why is it in News?

India hosted a two-day WTO ministerial meet of 16 developing and six least developed countries at New Delhi from 13 May-14 May. In the meeting India highlighted the issue of WTO’s assessment of a country’s services trade.


Geneva Convention

Why is it in News?

Geneva Convention came into the light when Pakistan had captured Wing Commander of India Abhinandan Varthaman


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