Developed world using climate concerns as smokescreen to cut imports: Experts on International trade

Syllabus: GS-III

Subject: Economy

Topic: Trade and External sector

Issue: International trade

Context: Experts on international trade, regarding the major flashpoints between developed and developing nations at the 13th WTO Ministerial Conference (MC13).

+1 Advantage: [Mains]

  • Emphasizes the contentious issue of trade-climate policies.
  • Importance of addressing issues related to public stockholding, especially for food security.
  • the lack of political will from developed countries, particularly the US, to find a permanent solution to this problem.
  • The dispute settlement mechanism, is a dysfunctional mechanism that hurts countries like India and emphasizes the importance of restoring the Appellate Body.
  • The ineffectiveness of policies like Carbon Tax in making environment
Prelims Connect:

Carbon tax: A carbon tax is also known as a pollution tax, is imposed on companies producing carbon dioxide (CO2) during their operations.

·         This tax serves as an incentive to reduce the widespread use of high-carbon fuels across the economy and mitigate the environmental impact of excessive CO2 emissions.

·          For each tonne of greenhouse gas emissions, the government sets a price that polluters must pay.


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