Brazil Current Affairs - 2019

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Counterfeit, Pirated Goods and Global Trade

The assessment  by EU Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) carried out based on data from almost half a million customs seizures by international enforcement agencies highlights the following:

  • Global sales of counterfeit and pirated goods have increased to USD 522 billion a year, amounting to a whopping 3.3 per cent of world trade.
  • The share of counterfeit goods has witnessed a considerable rise since its previous 2016 estimate of 2.5 per cent of global trade.
  • Counterfeit goods represented 121 billion Euros worth of imports into the European Union alone which amounted for a massive 6.8 per cent of total imports into the bloc, up from five per cent in 2016.
  • Counterfeiting and piracy posed a major threat to innovation and economic growth, at both EU and global level.
  • Companies which were most affected by counterfeiting and piracy were mainly based in developed OECD nations like the United States, Japan, South Korea and EU states.
  • Even businesses in China, Brazil and Hong Kong are being increasingly hit.
  • Countries exporting the most counterfeit and pirated goods were China, Hong Kong, United Arab Emirates, Turkey, Singapore, Thailand, India and Malaysia.

The EUIPO has expressed deep concerns about the rise in the counterfeit and pirated goods and called for coordinated action, at all levels, to fully tackle the menace of piracy and counterfeit products.

Month: Categories: Business, Economy & BankingUPSC

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Smart City Indicator Survey

The Ireland-based Johnson Controls Building Technologies and Solutions has released its report for the second annual smart city indicator survey. The survey tracks key drivers, organisational barriers, technology trends, and the status of smart city solution implementations around the world. The survey queried over 330 city leaders.

The survey was conducted in 20 countries, including Argentina, Brazil, Canada, Chile, China, Colombia, France and the United States, besides India.

Findings about India

  • The survey reports that about four per cent of buildings in India are “green” but a lack of technical expertise to execute projects and funding to pay for improvements is the biggest barriers to investment in India.

Green Building

Green building refers to both a structure and the application of processes which are environmentally responsible and resource-efficient throughout a building’s life-cycle from planning to design, construction, operation, maintenance, renovation, and demolition

  • India even though a slow starter is catching up. About 46 per cent of the organisations surveyed in India are willing to pay a premium to lease space in a green building.
  • India is on track to be consistent with the global average of 14 per cent.

The survey notes that cities are increasingly looking to implement applications that will improve sustainability and the environment while creating jobs, improving public safety and reducing costs.

The Survey also enumerated some of the key drivers in energy investments like greenhouse gas footprint reduction, increasing energy security and increasing building resilience.

Month: Categories: NationalUPSC

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