International Current Affairs - 2019

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.

Category Wise PDF Compilations available at This Link

G20 Ministerial meeting on Trade and Digital Economy

G20 Ministerial meeting on Trade and Digital Economy is being held from 8 June- 9 June 2019 in Japanese city of Tsukuba, Ibaraki Prefecture, Japan. Tsukuba is Japan’s one of main academic and research centers.

Key Highlights

  • Background: Japan has assumed its 1st ever rotating presidency in G20 thus a series of various ministerial meetings are being held in Japanese cities in 2019. Japan’s presidency will be culminating during G20 summit in Osaka on 28-29 June 2019.
  • Chairman: Two day meet was chaired by Masatoshi Ishida, Japanese Minister of Internal Affairs and Communications and Hiroshige Seko, Minister of Economy, Trade and Industry.
  • Objective: to discuss how economies of G20 countries can promote trade and investment and maximize benefits from development of digital economy and technologies so as to ensure sustainable growth of global economy.
  • Feature:
  • Over 50 Trade and Digital Economy Ministers got together for 1st time in G20 history in Tsukuba, Japan.
  • G20 Trade Ministers deliberations will form part of G20 Summit Leaders agenda in formal discussions and will also be a part of Summit Declaration.
  • The meet discussed importance of Digitalization that is expected to continue to create benefits for economies and societies as a whole and will also help achieve inclusive, innovative and human-centred future society ‘Society 5.0’.
  • Discussions:
  • Issues related to free trade dominated discussion in meeting against backdrop of ongoing trade war between United States (US) and China and US President Donald Trump’s policy of creating trade barriers and imposing tariffs.
  • Ways to reorder trade rules and finances in an era of technological change and protectionism were also discussed.

India and G20 Meet

  • Background: Ever since G20 was founded in 1999, India has been actively participating in its meetings. Indian delegation for G20 Ministerial meeting on Trade and Digital Economy is being led by Piyush Goyal, Union Minister of Commerce and Industry & Railways.
  • Discussion: Indian Commerce Minister will discuss developments in World Trade Organisation (WTO) matters, global trade situation, Digital trade and will also hold dialogue with other participating Trade Ministers on issues related to current international trade and investments.
  • Significance: This is for first time that Ministers of Union Ministry of Electronics and Information Technology (MeitY) and Union Ministry of Commerce (MCA) will participate in a joint session on Digital Economy at G20 Ministerial Meeting.

Month: Categories: International

Tags:

China launches Space Rocket from Yellow Sea for 1st time

China launched a space rocket named “Long March 11” from a mobile launch platform in Yellow Sea off Shandong province (China) for the first time. With this China became 3rd nation following the U.S. and Russia to successfully demonstrate ability to launch satellites into orbit from a floating platform.

Key Highlights

  • Background: In 2003, China became only 3rd nation to have capability of launching humans into space and in early 2019 became 1st nation to land a rover on far side of moon. The Long March rocket first flew in 2015, and this was its 7th launch but was China’s first attempt at an offshore launch of rocket into Earth orbit.
  • About: The Long March 11 rocket was launched by China from a ship deployed in Yellow Sea, making it first time that China has tested a launch vehicle at sea. This maiden sea launch by China has now unveiled its ambitious plans to build a research base on lunar surface, send a probe to Mars and build a space station in Earth orbit in coming future. Also, China now spends more than Russia and Japan on its civil and military space programmes.
  • Payload: The space rocket carried 2 experimental satellites (named Bufeng-1A and Bufeng-1B) and 5 commercial ones.
  • Advantages: Launching rockets from sea has a number of advantages over land-based rocket launches, like ability to send off rockets from a variety of locations on Earth, and benefit of reduced costs and risks (as rocket can lift off closer to equator,).
  • Significance: With sea launches, China now has ability to deploy satellites from a mobile platform and is latest step in China’s push to become a major space power.
  • Importance: This successful launch marks another win for Beijing’s space programme and opened a new launching mode for China to enter space quickly.

Month: Categories: International

Tags: