Daily News Analysis

Task Force To Resolve Trade Barrier

stylish_lining

Context: The Ministry of Commerce and Industry has set up a task force to identify and resolve trade barriers being faced by foreign exporters.

News:

  • Indian exports encounter significant barriers in certain products such as chillies, tea, basmati rice, milk, and poultry in the European Union, sesame seeds and apparel in Japan, and food, meat, fish, dairy, and industrial products in China.
  • To tackle these challenges, the Commerce Ministry has established a task force.

Objectives:

Identify Trade Barriers:

  • Scrutinize barriers and technical obstacles hindering exports.

Enhance Systems and Standards:

  • Work towards improving existing systems and standards.

Negotiate Mutual Recognition Agreements (MRAs):

  • Strengthen MRAs with various countries to ensure alignment with importing nations' requirements.
  • The task force aims to align product standards with the importing countries' specifications to facilitate smoother trade. It addresses issues like delays in registration and various non-tariff barriers.

About Non-Tariff Measures (NTMs): NTMs constitute domestic regulations implemented to safeguard human, animal, or plant health and the environment. They can be categorized as technical or non-technical:

  • Technical NTMs: Include regulations, standards, testing, certification, and pre-shipment inspection.
  • Non-Technical NTMs: Encompass measures like quotas, import licensing, subsidies, and government procurement restrictions.
  • While NTMs are essential for protection, they may become non-tariff barriers (NTBs) when arbitrary and lacking scientific justification, posing obstacles to trade.

Understanding the Auditing of Local Bodies

Why is it in the News? The International Centre for Audit of Local Governance (iCAL) was recently inaugurated in Rajkot, Gujarat. This marks a significant step towards setting global standards for
Share It

Bavikonda Monastery: A Historical and Cultural Gem

Current Status Maintenance Issues: Due to recent budget constraints, maintenance and repairs at Bavikonda Monastery have been less than optimal. Tourism Circuit: Bavikonda is part of the '
Share It

CITES Report on Rosewood: “CITES Rosewoods: The Global Picture”

The recently released CITES report titled “CITES Rosewoods: The Global Picture” provides a comprehensive analysis of rosewood species listed under the Convention on International Trade in
Share It

Codex Alimentarius Commission (CAC)

Recent Developments  India recently took part in the 86th session of the Executive Committee (CCEXEC) of the Codex Alimentarius Commission (CAC) held in Rome. India’s Support: Sp
Share It

Naturally Existing DNA Editing Tool: Bridge Recombinase Mechanism (BRM)

The Bridge Recombinase Mechanism (BRM) is a newly discovered naturally occurring DNA editing tool. It utilizes mobile genetic elements, commonly known as "jumping genes," to perform DNA mani
Share It

The Delhi Urban Land and Immovable Property Records Bill, 2024

The Delhi Urban Land and Immovable Property Records Bill, 2024, aims to create a unified system for managing urban land and immovable property records in Delhi. This system will be overseen by the Del
Share It

Gig Economy and Recent Developments in Karnataka

Why in the News? The Karnataka government recently published the draft Karnataka Platform-based Gig Workers (Social Security and Welfare) Bill, which aims to address the welfare and rights of gig w
Share It

India-Japan Joint Carbon Crediting Mechanism

India and Japan are set to sign a Memorandum of Cooperation (MoC) to establish a Joint Crediting Mechanism (JCM) under the framework of Article 6.2 of the Paris Agreement. This mechanism will facilita
Share It

Green Revolution in maize

Context: India has seen significant success with the green revolution in maize production. This success has been primarily driven by the private sector. Over the past 20 years, maize production in Ind
Share It

Captain Supreetha C.T. – First Woman Officer from Corps of Army Air Defence at Siachen Glacier

Name: Captain Supreetha C.T. Hometown: Mysuru, Karnataka Achievement: Captain Supreetha C.T. has become the first woman officer from the Corps of Army Air Defence to be operationally deployed a
Share It

Newsletter Subscription


ACQ IAS
ACQ IAS