Books & Magazines

Prelims Wallah (Q&A Bank)

Udaan

Udaan 500+

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Prahaar (Mains Wallah)

Marks Booster

Mains Wallah (Q&A Bank)

UPSC PYQs

UPSC Notes

CA & Editorials

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Other Resources

  »   Udaan   »   Terms related to WTO: MFN, CVD, Anti-Dumping

Terms related to WTO: MFN, CVD, Anti-Dumping Duty & More

April 5, 2024 739 0

  • Most Favored Nation (MFN)
  • Countervailing Duties (CVD)/ Anti subsidy duty
    • Trade import tariffs imposed to nullify the adverse effects of subsidies.
    • They are imposed only under WTO rules.
  • Anti-Dumping Duty
    • Imposed to rectify the situation arising out of the dumping of goods and its trade distortive effect.
    • WTO allows it.
  • Peace Clause 
    • High subsidies are seen to be distorting global trade. 
    • The peace clause protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings (Developed countries: 5% and Developing countries: 10%) are breached.
  • Debt Service Ratio 
    • The ratio of its debt service payments (principal + interest) to its export earnings. 
    • A country’s international finances are healthier when this ratio is low.
  • Geographical Indications (GI) are one of the eight intellectual property items coming under WTO’s TRIPS (Trade-Related Intellectual Property Rights) [UPSC 2018]
  • TRIPS Agreement: International legal agreement between all the member nations of the World Trade Organization (WTO) to provide strong protection for Intellectual Property Rights; Came into effect on 1 January 1995. 
  • India enacted the Geographical Indication of Goods (Registration and Protection) Act, 1999 to comply with India’s obligations under the TRIPS agreement.
  • The Controller General of Patents, Designs & TradeMarks (CGPDT), (under the Dept of Industrial Policy and Promotion of the Ministry of Commerce and Industry) is the ‘Registrar of Geographical Indications’. 
  • The National Intellectual Property Rights Policy was introduced as India’s commitment to the Doha Development Agenda (trade negotiation round of the WTO) and the TRIPS Agreement.
  • Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India. [UPSC 2017]
  • Place of Effective Management (PoEM) Rules: A place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance, made; 
    • Helps to assess if companies are setting up shell subsidiaries abroad to evade taxes
  • Base Erosion and Profit Shifting (BEPS) : Outcome of the OECD/ G20 Project to tackle Base Erosion and Profit Shifting; Tackles tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations.
  • Tax Haven: Countries that have lower tax rates, provide secrecy and anonymity to the account holders and do not share tax information with other countries.

 

Must Read
Current Affairs Editorial Analysis
Upsc Notes  Upsc Blogs 
NCERT Notes  Free Main Answer Writing

 

Related Articles 
Constitution of India: Sovereignty NITI Aayog: A Premier Policy ‘Think Tank’ of the Government of India
State Information Commissions House of Parliament
Constitution & Constitutionalism Central Vigilance Commission (CVC): Pillar of Anti-corruption in Indian Governance

 

Print Friendly, PDF & Email

Recommended For You

April 8, 2024
Make In India, Startup India: Boosting Manufacturing & ...
April 8, 2024
Government Budget: Classification, Objectives, Disinvestment...
April 8, 2024
Inflation Indices: WPI Vs CPI Vs IIP and GDP Deflator
April 8, 2024
Basics Of Macroeconomics: Economic Players, Concepts & ...
April 7, 2024
Index of Industrial Production (IIP): Overview & Differ...
April 7, 2024
Industrial Policies in India: Overview & Difference bet...

Aiming for UPSC?

Download Our App

# #

Download Our App

# #

Contact Details

Aiming for UPSC?

Download Our App

# #
      

Follow Us:

Contact Details

Download Our App

# #
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">






    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.