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.

Extraordinary G20 Trade and Investment Ministerial Meet

On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the meet.

Highlights

India had called for easy movement of health professionals and enhanced access to affordable medicines across national borders. Amidst the threat of COVID-19, India is supplying affordable medical products to nearly 190 countries in the world.

India urged the G20 countries to come up with G-20 Global Framework to improve access to medicines. The framework should include diagnostic equipment, critical medicines, health professionals and medical kits.

G-20

A week back a G20 video conference was hosted by Saudi Arabia. As a member of the grouping, India was represented by PM Modi. During the meet, the leaders pledged to infuse 5 trillion USD into the global economy. The idea was to reduce the impact of the global recession in the world due to the increasing threats of COVID-19.

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US-Iran: Four Nuclear Restrictions renewed by US

On March 30, 2020, the US renewed four nuclear restrictions imposed on Iran. The restrictions were imposed to prevent Iran from building its nuclear programme.

Highlights

The nuclear restrictions on Iran imposed by the US has been renewed for another 60 days. The decision makes it harder for Iran to work on its Nuclear programme amidst the threat of COVID-19.

US-Iran

US and Iran signed Joint Comprehensive Plan of Action that aimed at curbing nuclear programme of Iran in 2015. Under the deal, most of Iran’s Uranium were shipped out of the country. Several operational nuclear operations of Iran were brought under international inspection. Also, a heavy water facility was made inoperable.

How is India affected?

Sanctions and hinderances to trade in Iran will affect India’s oil imports greatly. When US pressurized in similar way to cut oil imports from Venezuela. This had then affected India’s oil trade greatly.

Also, India has big plans to reach Central Asia through Chabahar port, which India is developing in Iran. These restrictions affect India’s ambitions.

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