Global Trade Update report | Current Affairs | Vision IAS
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    Posted 27 Mar 2024

    Updated 30 Mar 2024

    9 min read

    Global Trade Update report

    • Report was released by United Nations Conference on Trade and Development (UNCTAD).

     

    • Key Findings: 
      • Services exports from India rose by 14% in 2023, while goods export declined by 6%.
      • International trade is expected to rebound in 2024.
      • Logistical challenges such as shipping disruptions in Red Sea, Black Sea etc. can raise costs and disrupt supply chains.

     

    • UNCTAD: Established in 1964 as permanent intergovernmental body, it is main authority of UN General Assembly in sphere of trade and development.
    • Tags :
    • UNCTAD
    • Global Trade

    Hepatitis B

    • Public knowledge about Hepatitis B is dismal in India, according to study.
    • Viral hepatitis is an inflammation of liver caused by a virus. 

     

    • Main hepatitis viruses are:
      • Hepatitis A: Effective vaccine available; Outbreaks related to contaminated food or to person-to-person transmission.
      • Hepatitis B: Effective vaccine available; is a leading cause of liver cancer. 
      • Hepatitis C: It is spread when a person who is not immune comes in contact with body fluids from an infected person. There's no vaccine to prevent it.
    • Tags :
    • Hepatitis

    Operation SANKALP

    • Launched by Indian navy in December 2023, it completed 100 days.

     

    • It operates across three key areas: Gulf of Aden and adjoining regions, Arabian Sea, and off East Coast of Somalia.

     

    • Objective: safeguarding India’s maritime interests, countering maritime threats, thwarting resurgence of piracy and significantly denting narcotics trade in Indian Ocean Region.
    • Tags :
    • maritime security
    • Indian Ocean
    • SANKALP

    PSLV Orbital Experimental Module-3 (POEM-3)

    • POEM-3, successfully concluded its mission by re-entering Earth's atmosphere and disintegrating.

     

    • Achievement: It virtually left no debris in orbit, demonstrating a commitment to minimizing space clutter.

     

    • About POEM-3:  
      • It used spent PS4 stage of the PSLV-C58 rocket that launched XPoSat.
    • POEM initiative utilizes fourth stage of PSLV as platform to conduct scientific experiments in orbit converting it into a functioning laboratory for space-based research.
    • Tags :
    • PSLV
    • Space Debris

    Statio Shiv Shakti

    • International Astronomical Union (IAU) has approved the name 'Statio Shiv Shakti' for the landing site of Chandrayaan-3's Vikram lander.
    • Name was included in Gazetteer of Planetary Nomenclature, which documents planetary names approved by IAU.
      • Planetary nomenclature uniquely identifies a feature on surface of a planet or satellite.

     

    • IAU was founded in 1919 with its Secretariat in Paris, France
      • Its mission is to promote and safeguard the science of astronomy in all its aspects.
      • 92 member countries including India
      • It serves as international authority for assigning designations to celestial bodies and surface features on them.
    • Tags :
    • Chandrayaan-3
    • Planetary Nomenclature

    Mekong River

    • Vietnam faces crop losses as saltwater seeps into the Mekong Delta region, known as “Vietnam’s rice bowl”.
      • The Mekong delta, one of the largest and most fertile deltas in Asia, is situated in Cambodia and Vietnam.

     

    • Mekong River is longest river in Southeast Asia.
      • Origin: Tibetan Plateau.
      • It passes through China, Myanmar, Thailand, Laos, Cambodia and Vietnam. 
      • It forms part of international border between Myanmar and Laos, and Laos and Thailand. 
      • It drains into South China Sea.
      • Cities on its banks include Phnom Penh, Ho Chi Minh City and Vientiane.
    • Tags :
    • Mekong River
    • Southeast Asia
    • Delta

    Shinku La Pass

    • Border Road Organisation has connected strategically important road from Manali (Himachal Pradesh) to Leh (Ladakh) through Darcha and Nimmu on Kargil–Leh Highway.
    • Road is not only shorter, but crosses only one pass—Shinku La (16,558 feet).
      • Shinku La Pass connects Lahaul and Spiti in Himachal Pradesh with Zanskar Valley in Kargil, Ladakh.
    • This will result in road having all weather connectivity to Ladakh region.
    • Tags :
    • Pass
    • Ladakh
    • Himachal Pradesh

    Bahá’í Community

    • The faith of Bahá’í community is not recognised by the Iran’s Constitution.
    • Bahá’í faith is a relatively young monotheistic religion with spiritual roots dating back to early 19th century in Iran.
      • Founder of Bahá’í faith is Bahá’u’lláh.
      • Holy shrine of Bahá’u’lláh and Holy shrine of the Báb (Haifa), as the most holy places of the Bahá’í faith, are located in Israel.
      • Bahai core beliefs are “the unity of religion”, “the unity of God”, and “the unity of humanity”.
      • New Delhi's Lotus Temple is a Baháʼí House of Worship.
    • Tags :
    • Iran
    • Lotus Temple

    Places in News

    Mauritania (Capital: Nouakchott)

    • India and Mauritania held their first Foreign Office Consultations (FOC) in Nouakchott.

     

    • Political features: 
      • Located in Northwest Africa, on the Atlantic coast.
      • Bordering Countries/Territories: Western Sahara territory (most of which is occupied by Morocco), Algeria, Mali, and Senegal.
      • Bordering water bodies: Atlantic Ocean

     

    • Geographical Features: 
      • Much of Mauritania encompasses part of the Sahara Desert.
      • Major river: Senegal River (forms its border with Senegal).
      • Topography include Inselbergs (isolated steep sided rock hills or small mountains), of which the highest is Mount Ijill.
      • Vegetation includes regions of Savanna and Sahel. 

     

    • Tags :
    • Mauritania
    • Africa
    • Sahara Desert
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