Japan 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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Soyuz Spacecraft Successfully reach ISS

Russian Soyuz spacecraft carrying  NASA Astronaut Nick Hague and Christina Koch, and Cosmonaut (Russian Crew members are called as a cosmonaut) Alexey Ovchinin successfully docked International Space Station.

Soyuz Spacecraft

Soyuz is a Russian Spacecraft carries people and supplies to and from the space station. Soyuz Spacecraft also function as lifeboats and one Soyuz spacecraft is always docked to the space station, so that in case of emergency the crew can return to earth through the spacecraft.

After the retirement of the space shuttle in 2011, the Soyuz spacecraft has become the sole means of transportation for crew members going to or returning from the orbiting laboratory.

International Space Station

The International Space Station is a habitable artificial satellite in low Earth orbit. The ISS maintains an orbit with an altitude of between 330 and 435 km (205 and 270 mi) by means of re-boost manoeuvres and circles the Earth in roughly 92 minutes and completes 15.5 orbits per day

The ISS programme is a joint project between five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA (Japan), ESA (Europe), and CSA (Canada).

The ISS serves as a microgravity and space environment research laboratory in which crew members conduct experiments in biology, human biology, Physics, Astronomy, meteorology, and other fields.

Month: Categories: Science & TechnologyUPSC

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