CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India lost a major trade dispute over safeguard duty on hot-rolled steel at the World Trade Organization (WTO). The case was filed by _________ in December 2017.
A
China
B
Japan
C
Germany
D
Australia
Explanation: 

Detailed explanation-1: -The General Council convenes as the Dispute Settlement Body (DSB) to deal with disputes between WTO members.

Detailed explanation-2: -Ideally disputes are resolved through negotiations. If this is not possible, WTO Members can request the establishment of a panel to settle the dispute. The panel will issue a report, which can subsequently be appealed before the WTO’s Appellate Body on questions of law.

There is 1 question to complete.