WTO released 2015 Annual Report

As per the report, World trade will grow by 2.8 percent in 2015 against 2.5 percent growth registered in 2014.

Created On: Oct 1, 2015 11:02 ISTModified On: Oct 1, 2015 17:32 IST

The World Trade Organization (WTO) on 30 September 2015 released its 2015 Annual Report. It provided an overview of WTO activities in 2014 and early 2015.

Besides, it also provided recent trade scenario across the world and the expected growth rates for near future.

Highlights of 2015 Annual Report

• World trade will grow by 2.8 percent in 2015 against 2.5 percent growth in 2014. However the growth rate could be pegged back further by a U.S. interest rate rise, China's economic slowdown or Europe's refugee crisis.
• In 2016, world trade is expected to grow by 3.9 percent, a revision of the WTO's previous forecast of 4.0 percent.
• Forecast for growth in Asian imports in 2015 is pegged at 2.6 percent down from a 5.1 percent projection in April and Asian exports to 3.1 percent from the previous 5.0 percent forecast.
• Seychelles was admitted as the 161st Member of WTO in April 2015.

Report with respect to India

• Between 1995 and 2014, India is involved in 43 trade disputes next to the highest involvement (within Asia) recorded by China (44).
• Within WTO, India undertook second highest anti dumping initiations, 13, next to Brazil (29)
• India initiated the most investigations in 2014, with seven, followed by Indonesia and Turkey with three. India also imposed the greatest number of final measures – four.
• As of 31 December 2014, Ujal Singh Bhatia is the only Indian in the seven member Appellate Body.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

2 + 3 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    • Current Affairs PDF May 2021
    • Current Affairs PDF April 2021
    • Current Affairs PDF March 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    • Current Affairs Quiz PDF May 2021
    • Current Affairs Quiz PDF April 2021
    • Current Affairs Quiz PDF March 2021
    View all