India and the Global South celebrate a significant win with the WIPO treaty on intellectual property, genetic resources, and traditional knowledge. The treaty introduces a new disclosure requirement for patent applicants based on genetic resources, providing added protection to Indian resources and knowledge in countries without disclosure obligations.
WIPO treaty a big win for India & global south: Commerce ministry
Global pact on genetic resources, associated traditional knowledge big win for India: Govt
2 years ago
Members of the Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement that creates a mandatory disclosure requirement on the patent applicant, when a claimed invention is based on genetic resources.
The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23.
Kolkata’s Syama Prasad Mookerjee Port to halt cargo operations for 12 hours due to a cyclonic storm. Safety measures in place for dock workers’ well-being.
India’s coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia’s third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.
Red Sea crisis driving up cost of white goods
2 years ago
The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.
While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries.
Why it’s a good time for the producers and exporters of premium, flavoured orthodox teas
2 years ago
Orthodox tea exports are thriving, with Iran’s controlled payments and Indian ambassador Rudra Gaurav Shresth’s support aiding trade. Mohit Agarwal of Asian Tea anticipates a 10% increase in overall exports, citing a rise in exports to Russia.
Singapore and Kazakhstan strengthen economic ties, enhancing India’s role as a link between Southeast Asia and Eurasia. Kazakhstan’s transport initiatives and Singapore’s expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan’s economy. Cooperation focuses on innovation and digitalization for mutual benefit.