India-UN Current Affairs - 2020

COP25 cancelled

On October 30, 2019, the Chile Government cancelled the Asia-Pacific Economic Cooperation (APEC) summit and the COP25 conference due to the ongoing protests in the country. The country’s president in a press meet said that the ongoing violent protests have plagued the country for weeks and it is currently not in a situation to hold international conferences.

While the United Nations is searching alternatives to conduct the conferences, Spain has offered to host COP25. This is the second time a country is cancelling to host COP25. In November, 2018, Brazil withdrew from hosting the COP25 citing economic reasons

COP25

The Conference of Parties is the supreme body of the UNFCCC-United Nations Framework Convention on Climate Change. The first COP was held in Berlin, Germany in 1995. The Climate change decisions and solutions of the United Nations revolved around the COP agreements. the last COP 24 was held at Katowice, Poland in May 2019.

APEC

Asia-Pacific Economic Cooperation is an inter-governmental forum for 21 Pacific rim countries. These countries account for nearly 50% of the world’s trade and account to 57% of world GDP. It was established in 1989. India is an observer of APEC since 2011 and has applied for its membership.

 

India calls for increased cooperation between FATF and UN

To deal with the nexus of terrorist groups India called for increased cooperation between the United Nations (UN) and the Financial Action Task Force (FATF). Speaking at the General Assembly the first Secretary to India’s Permanent Mission said that the activities of terror groups Boko Haram, ISIL, AI Shabab has increased in recent days. In these situations, UN should cooperate with other bodies like FATF to prevent terrorism.

FATF

The Paris based FATF – Financial Action Task Force is an international organization developed to combat terrorism and money laundering. The objectives of the FATF are to set standards, regulate and combat money laundering. It is basically a policy making body. It works to bring about national legislation and regulatory reforms.

It meets thrice in year. It was formed in 1989 at the G – 7 Summit, Paris. Initially it was formed to combat money laundering. Later in 2001, it expanded towards terrorism