International Current Affairs - 2020
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.
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On 27 January, 2020, the World Health Organization arrived in China to discuss the ways the Corona Virus is spreading. The death toll due to the virus has reached 106 and around 4,000 people have been infected so far.
The WHO had earlier reported that the spread of the virus is moderate. However, it has now changed its status of risk of the virus as “high”.
Spread of the Virus
The virus has spread to France, China, Canada, US, Japan, Thailand, Sri Lanka. In India, an Indian medical student (Rajasthan) who recently travelled from China has been quarantined.
Effects of the virus
Several countries like US, Canada, India, France have warned against travel to China. The Global stocks have fell down and Chinese Yuan has dipped to its weakest level in 2020. The oil prices have hit a three-month low as China is making moves to keep its citizens at home. China has extended its Lunar New Year holiday to restrict people mobility in the country.
Chinese New Year
The Chinese follow a lunisolar calendar. The first day of the Chinese New Year always begins as a New Moon Day. The Lunisolar calendar divides a year into 24 solar terms.
Tags: China • Corona Virus • Diseases • Health • Stock Market
The President of Brazil, Mr Jair Bolsonaro visited India to take part in Republic Day celebrations. During his visit, the countries signed several agreements. Alongside, the fifth session of India-Brazil Trade monitoring mechanism was also held. President Bolsonaro was accompanied by a huge business delegation. They will hold several meetings with their Indian counterparts during the India-Brazil Business Forum that is to be held in 27, January, 2020.
The countries signed agreements on trade, cyber security, information technology. The countries have set target to increase bilateral trade to 15 billion USD by 2022.
Animal Husbandry is the new area over which the countries have identified potential cooperation. This is mainly due to the common genetic heritage between the countries.
The countries agreed to address the issue of sugarcane bilaterally. The issue was raised by Brazil at WTO complaining India is extending support to local sugarcane growers. According to WTO, Most Favoured Nation status should be awarded by the members to every other member. This will exclude special tariff and also exclude restriction on imports and exports helping to increase trade globally.
Tags: bilateral trade • Business and Economy • Energy Security • India-Brazil • India-WTO