CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The International Trade Centre was established in which of the following year?
A
1944
B
1947
C
1964
D
1967
Explanation: 

Detailed explanation-1: -Originally created by the General Agreement on Tariffs and Trade (GATT) in 1964, ITC has been operated since 1968 under the joint aegis of GATT/WTO and the UN, the latter acting through the United Nations Conference on Trade and Development (UNCTAD).

Detailed explanation-2: -The International Trade Centre (ITC) was established on 1 January 1968. The ITC has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD). The ITC is the focal point for trade-related technical assistance.

Detailed explanation-3: -International Trade of India Since 1498, Europeans did trade with the rulers of India using the sea route. The main export items then were spices like pepper, ginger, cinnamon, cardamom, nutmeg, mace, and cloves. From 1947-1991, the Indian economy remained largely as a closed economy.

Detailed explanation-4: -The first United Nations Conference on Trade and Development (UNCTAD) was held in Geneva in 1964.

There is 1 question to complete.