International Current Affairs

Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.

G7 summit postponed; To be expanded as G10 or G11

The US President Donald Trump recently announced that the USA is postponing the G7 summit to September 2020. Also, President Trump intends to expand the G7 group to G10 or G11.

On June 2, 2020, US  President Trump invited Indian PM Modi to the G7 summit through telephonic conversation. The Leaders discussed India-China recent Stand Off at the Line of Actual control

Highlights

The G-7 is a group of seven countries namely France, Canada, Germany, Japan, US and UK. The grouping dies not have a fixed headquarters or a formal constitution. The decision that are taken in the summit are non-binding.

President Trump intends to expand the G7 group by including three other nations namely Australia, Russia, India and South Korea.

About G7

G7 is an inter governmental organization that was formed in 1975. It was formed by the top economies of the world as an informal forum to discuss world issues. Canada joined G7 in 1976 and EU (European Union) began attending G7 meets in 1977.

Russia joined G7 in 1997. Initially G7 was called G8. In 2014, Russia was expelled as it annexed Crimea region of Ukraine to its territory.

G7 VS G20

G20 is a larger group and includes all the G7 members. India is a member of G20. G20 was formed in 1999 as a response to bring more countries to address global economic concerns. G20 makes up 80% of the global economy.

WHO launches COVID-19 Technology Access Pool (C-TAP)

The Costa Rica and World Health Organization have launched C-TAP. C-TAP is COVID-19 Technology Access Pool.

Highlights

The C-TAP will act as an one-stop shop for information, scientific knowledge and intellectual property for global community. Around 30 countries, institutions and international partners have signed to support C-TAP. It is an initiative that aims to make vaccines, tests, health technologies and treatments.

Background

The initiative was proposed by President of Costa Rica Mr Carlos Alvarado. The initiative will help to hasten the discovery of medicines, vaccines and other technologies that will help cure COVID-19.

Five Key Elements of the Pool

The five main elements of the pool include

  • public disclosure of gene sequences and data
  • governments and other funders that are encouraged to fund agreements with pharmaceutical companies
  • licensing potential vaccine
  • diagnostic treatment and other health technologies
  • promote innovative models.