Podcast
Questions and Answers
What major change occurred regarding membership during the G20 Summit?
What major change occurred regarding membership during the G20 Summit?
- The European Union left the G20.
- The African Union became a permanent member. (correct)
- India was added to the G20 as a new member.
- China was removed from the G20.
Which initiative is India leading that promotes biofuels globally?
Which initiative is India leading that promotes biofuels globally?
- Global Clean Energy Alliance
- Global Biofuels Alliance (correct)
- International Renewable Energy Program
- Sustainable Fuels Initiative
What is the objective of the India – Middle East – Europe Economic Corridor?
What is the objective of the India – Middle East – Europe Economic Corridor?
- To provide an alternative to the Belt and Road Initiative. (correct)
- To expand trade with South America.
- To support the African Union's projects.
- To enhance tourism between these regions.
Which of the following cultural highlights was exhibited at the G20 Summit?
Which of the following cultural highlights was exhibited at the G20 Summit?
Which of the following does NOT represent a cultural highlight showcased during the G20 Summit?
Which of the following does NOT represent a cultural highlight showcased during the G20 Summit?
What does the G20 forum primarily represent in terms of global demographics?
What does the G20 forum primarily represent in terms of global demographics?
How does the G20 membership structure change with the inclusion of the African Union?
How does the G20 membership structure change with the inclusion of the African Union?
Which project emphasizes India’s collaboration with South American countries?
Which project emphasizes India’s collaboration with South American countries?
What is the status of exports by developing countries in relation to import duties in developed countries?
What is the status of exports by developing countries in relation to import duties in developed countries?
Which group typically receives more lenient targets under WTO pacts?
Which group typically receives more lenient targets under WTO pacts?
What is one of the core activities of the WTO?
What is one of the core activities of the WTO?
What occurs during the first stage of the WTO dispute settlement process?
What occurs during the first stage of the WTO dispute settlement process?
Who presides over appeals in trade-related disputes within the WTO?
Who presides over appeals in trade-related disputes within the WTO?
Which of the following bodies is recognized by the WTO for food safety standards?
Which of the following bodies is recognized by the WTO for food safety standards?
What is the consequence if a losing party fails to implement a WTO ruling?
What is the consequence if a losing party fails to implement a WTO ruling?
What is the primary aim of WTO agreements concerning government support to industries?
What is the primary aim of WTO agreements concerning government support to industries?
What is the primary focus of the Criminal Law Amendment Act enacted by India in 2013?
What is the primary focus of the Criminal Law Amendment Act enacted by India in 2013?
What characterizes transnational organized crime?
What characterizes transnational organized crime?
Which economic corridor was initially part of the Belt and Road Initiative but later replaced by the China-Myanmar Economic Corridor due to India's withdrawal?
Which economic corridor was initially part of the Belt and Road Initiative but later replaced by the China-Myanmar Economic Corridor due to India's withdrawal?
What is the goal of UNCITRAL?
What is the goal of UNCITRAL?
Which of the following topics was NOT covered during the UNCITRAL South Asia Conference hosted by India?
Which of the following topics was NOT covered during the UNCITRAL South Asia Conference hosted by India?
What is the primary reason for India's objection to the Belt and Road Initiative?
What is the primary reason for India's objection to the Belt and Road Initiative?
What initiative was launched jointly by India and the United Nations?
What initiative was launched jointly by India and the United Nations?
In which year did India boycott the BRI summit for the first time?
In which year did India boycott the BRI summit for the first time?
In which area does UNCITRAL NOT specialize?
In which area does UNCITRAL NOT specialize?
Where was the 2023 Asia Pacific Economic Cooperation (APEC) summit held?
Where was the 2023 Asia Pacific Economic Cooperation (APEC) summit held?
Which body does the Competition Commission of India (CCI) collaborate with to address international competition concerns?
Which body does the Competition Commission of India (CCI) collaborate with to address international competition concerns?
What significant potential does the UNCITRAL conference highlight for India?
What significant potential does the UNCITRAL conference highlight for India?
Which of the following is NOT a criminal activity associated with transnational organized crime?
Which of the following is NOT a criminal activity associated with transnational organized crime?
Which economic corridor is significant for connecting China, Mongolia, and Russia?
Which economic corridor is significant for connecting China, Mongolia, and Russia?
The International Competition Network (ICN) comprises how many competition agencies from around the world?
The International Competition Network (ICN) comprises how many competition agencies from around the world?
Which region is primarily contested regarding the China-Pakistan Economic Corridor?
Which region is primarily contested regarding the China-Pakistan Economic Corridor?
What is the primary function of the SWIFT network?
What is the primary function of the SWIFT network?
What does a unique code assigned to each financial organization within the SWIFT system help to ensure?
What does a unique code assigned to each financial organization within the SWIFT system help to ensure?
How long are Blue Helmets typically deployed in the field?
How long are Blue Helmets typically deployed in the field?
Which statement is true regarding the services provided by SWIFT India?
Which statement is true regarding the services provided by SWIFT India?
What is the role of staff officers deployed by member states to the U.N.?
What is the role of staff officers deployed by member states to the U.N.?
What differentiates SWIFT from a typical bank's functions?
What differentiates SWIFT from a typical bank's functions?
Where is the headquarters of SWIFT located?
Where is the headquarters of SWIFT located?
Which option describes the duration for which staff officers are usually deployed at U.N. headquarters?
Which option describes the duration for which staff officers are usually deployed at U.N. headquarters?
Study Notes
Geographic Corridors for BRI Development
- China-Pakistan Economic Corridor (CPEC) - A key BRI initiative with significant infrastructure projects in Pakistan, focusing on development of Gwadar port and connectivity with China.
- New Eurasian Land Bridge Economic Corridor - Aims to improve infrastructure and trade connections between China and Europe through Central Asia.
- China-Indochina Peninsula Economic Corridor - Focuses on trade, infrastructure, and development projects in Southeast Asia, enhancing ties with countries like Vietnam and Laos.
- China-Mongolia-Russia Economic Corridor - Promotes economic cooperation between China, Mongolia, and Russia, enhancing connectivity and trade links.
- China-Central Asia-West Asia Economic Corridor - Enhances trade, infrastructure, and connectivity between China and countries in Central Asia and West Asia.
- China-Myanmar Economic Corridor - Involves development projects and infrastructure upgrades in Myanmar, strengthening economic ties with China.
India's Objection to BRI
- India opposes the Belt and Road Initiative (BRI) due to concerns about sovereignty and transparency.
- India's primary objection is the China-Pakistan Economic Corridor (CPEC), which passes through the Gilgit Baltistan region of Kashmir that India claims.
- India has boycotted BRI summits in 2017 and 2019, and has not endorsed BRI joint statements by the Shanghai Cooperation Organisation (SCO).
Asia Pacific Economic Cooperation (APEC)
- The 2023 APEC summit was held in San Francisco.
International Competition Network (ICN)
- The Competition Commission of India (CCI) joined the steering committee of the ICN, a global body promoting competition law enforcement.
- The ICN consists of over 140 competition authorities, fostering communication and addressing competition concerns.
- The ICN facilitates collaboration through project-oriented working groups.
Indian Ocean Rim Association (IORA)
- IORA promotes cooperation among countries bordering the Indian Ocean, focusing on trade, security, and sustainable development.
G20 Summit Outcomes
- The G20 now includes the African Union as a permanent member, representing developing countries.
- The Global Biofuels Alliance (GBA) is an India-led initiative promoting biofuels globally.
- The India-Middle East-Europe Economic Corridor (IMEE-EC) aims to provide an alternative to China's Belt and Road Initiative (BRI) by connecting India, the Middle East, and Europe through infrastructure projects.
- The India-Mercosur Preferential Trade Agreement (PTA) aims to strengthen economic ties between India and South American countries.
India's Cultural Highlights at the G20
- Bharat Mandapam: An exhibition space showcasing India’s cultural heritage.
- Bronze statue of Lord Nataraja: A sculpture representing Lord Shiva's cosmic dance, showcasing the Chola artistic style.
- Konark Chakra and Image of Nalanda University: Exhibits depicting the Konark Chakra, a significant symbol from Odisha’s Sun Temple, and the heritage of Nalanda University.
- Thanjavur Paintings and Dhokra art: Exhibits showcasing traditional Thanjavur paintings, known for their intricate details and rich colours, and Dhokra art, a tribal metal casting technique.
- Brass statue of Lord Buddha sitting under Bodhi tree: A sculpture representing Lord Buddha’s enlightenment.
G20 group
- The G20 consists of 19 countries, the European Union, and the African Union.
- G20 members represent over 85% of global GDP, over 75% of global trade, and about two-thirds of the world population.
Criminal Law Amendment Act (India)
- India enacted the Criminal Law Amendment Act in 2013 to specifically define human trafficking.
Transnational Organized Crime
- Criminal activities that operate across national borders.
- Involved in illegal activities like drug trafficking, human trafficking, money laundering, and cybercrime.
United Nations Commission on International Trade Law (UNCITRAL)
- India hosted the inaugural UNCITRAL South Asia Conference.
- It aims to strengthen India's involvement with UNCITRAL and foster communication between UNCITRAL and stakeholders.
- It covers topics including digital economy, MSMEs, insolvency, international commercial arbitration, and mediation.
About UNCITRAL
- It is the primary legal entity within the United Nations system dedicated to international trade law.
- It modernizes and harmonizes international business rules.
- Its goal is to promote fairness, transparency, and efficiency in cross-border commercial transactions.
India-UN Capacity Building Initiative
- A joint initiative of India and the United Nations.
- Aims to share Indian development experiences and expertise with Global South countries through capacity-building and training programs.
WTO Pacts and Developing Countries
- WTO pacts often aim to reduce government support to certain industries over time.
- They set more lenient targets for developing countries, allowing them more time to achieve targets compared to developed countries.
- They provide preferential treatment for developing countries.
- Least Developed Countries (LDCs) are often exempted from certain WTO provisions.
- LDCs receive zero duty and zero quota access for most of their exports to developed countries.
WTO Dispute Settlement
- The WTO has a dispute settlement mechanism to resolve trade disputes between member governments.
- It involves consultations, adjudication by panels, and implementation of rulings.
- The WTO Appellate Body reviews rulings on points of law.
International Plant Protection Convention (IPPC)
- Part of the World Trade Organizations Sanitary and Phytosanitary Measures (SPS) Agreement.
- One of the "Three Sisters" organizations along with Codex Alimentarius Commission and the World Organization for Animal Health (OIE).
United Nations Peacekeepers (Blue Helmets)
- United Nations staff members deployed to peacekeeping missions.
- They serve as individual staff officers, military observers, or part of units from individual countries.
- Staff officers monitor troop deployments and contribute to peacekeeping efforts.
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
- A messaging network used by financial institutions to securely transmit information and instructions through standardized codes.
- Each financial institution has a unique code for sending and receiving payments.
- SWIFT does not facilitate funds transfer but sends payment orders, which are settled by correspondent banks.
- Located in Belgium, it connects over 11,000 financial institutions in over 200 countries.
- SWIFT India is a joint venture of Indian public and private sector banks and SWIFT, providing domestic financial messaging services.
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Description
Explore the key economic corridors under the Belt and Road Initiative (BRI) and their impact on trade and infrastructure development. This quiz covers significant projects such as the China-Pakistan Economic Corridor, the New Eurasian Land Bridge, and others. Test your knowledge on how these corridors enhance connectivity across regions.
