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.

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British Prince and Princess arrives in Pakistan

Prince Williams, the Duke of Cambridge and his Duchess arrived in Pakistan on October 15, 2019. This is the first high official visit from Britain to Pakistan since 2006. The visit was organized upon request of UK and commonwealth office. The UK aims at access to quality education to girls and young women in Pakistan.

Highlights of the visit

  • The Prince is to focus on climate change and tour around Pakistan during his visit
  • The couple will also visit the mountainous country side in Pakistan during their 5 day stay in the country

The program and purpose of the visit is being kept a secret due to security constraints. The Late Princess Diana had visited Pakistan in 1996 to attend a fund-raising ceremony built by the then cricketer and now PM Imran Khan.

WTO gives US final authorisation to impose tariffs on EU products

The World Trade Organisation (WTO) has given United States the final authorisation to impose tariffs on European Union (EU) products in retaliation for illegal subsidies given to Airbus. Earlier in October 2019, a WTO arbitrator gave US the green light to slap tariffs on US $7.5 billion worth of European Union imports.

The move comes as a landmark moment in the 15-year legal battle between Airbus and American plane-maker Boeing.

Key Highlights

WTO Ruling: WTO has found that both Airbus and its United States’ rival Boeing received billions of dollars of illegal subsidies in a pair of cases that have now run for nearly 15 years. An adjudication or arbitrators award in the Boeing case is due in 2020.

The arbitrator’s award, which is the largest in WTO’s history was rubber-stamped by the Dispute Settle Body (DSB) of WTO which is made up of representatives from its 164 members. At a special meeting, the WTO’s DSB cleared US to take countermeasures against EU and Airbus-producing countries Britain, Germany, France and Spain.

Proposed Tariffs: Even though United States have stated that it will impose a 10% tariffs on Airbus planes and 25% duties on a range of products, such as French wine, Scottish whiskies and cheese from across the continent which could be in place by 18 October 2019, but the EU officials are trying to reach a negotiated settlement with US so as to avoid escalating trade tensions that risk battering economies across the globe.

Parallel Dispute Over Subsidies: However, in case the negotiations fail to produce a deal, then EU will get the chance to impose its own WTO-approved tariffs on billions of dollars of U.S. exports, after convincing WTO judges that Boeing had benefited from illegal US government subsidies for domination of the world aircraft market.