-The Hindu As Global Trade falls and supply disruptions persist, a prolonged lockdown will adversely affect food security The COVID-19 pandemic has led to global concerns on the state of agriculture and food security. On the one hand, the Food and Agriculture Organization (FAO) has warned of a “food crisis” if countries do not protect vulnerable people from hunger and malnourishment. On the other, farmers face a stalemate as they are unable...
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Recession To Hit Developing Nations, May Spare China, India: UN Report
-United Nations/ PTI/ NDTV With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations. United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the...
More »India's exports fall for fifth straight month in December
-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...
More »WTO Appellate Body will soon become dysfunctional -D Ravi Kanth
-The Hindu Business Line To have one member from December 11; India has 3 pending appeals before it Geneva: The US has finally spiked the World Trade Organization’s Appellate Body, the highest adjudicating body for resolving Global Trade disputes. It shall remain dysfunctional after December 10, when it will be reduced to one member, said trade envoys. As a parting shot, the US on Tuesday blocked an initiative under Rule 15 of the...
More »Fingers burnt in FTAs, India now stays out of RCEP -Puja Mehra
-Livemint.com * RCEP negotiations started in 2013 but acquired fresh impetus after the rise of protectionism globally that saw the US pulling out of the Trans-Pacific Partnership * India has seen its trade deficit with most countries rising manifold after an FTA was operationalized India on Monday decided against joining The Regional Comprehensive Economic Partnership (RCEP), a trade pact that has been spearheaded by China with the 10-nation Asean and four others. Mint...
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