Daily PIB News: July 8, 2021

Seventh Trade Policy Review of India at the WTO

The second and final Session of India’s seventh Trade Policy Review (TPR) concluded today, 8thJanuary 2021, at the World Trade Organization in Geneva. The TPR is an important mechanismunder the WTO’s monitoring function in which member countries’ trade and related policies are examined by the WTO with an aim to contribute towards improved adherence to WTO rules, while providing constructive feedback to the Member under review.

India has highlighted that reform is a continuous and ongoing process, and the Government of India is deeply committed to pursuing this path to make India an attractive trade and investment partner for the world.

Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021

NCAVES India Forum 2021 is being organised by the Ministry of Statistics and Programme Implementation (MoSPI). The NCAVES Project, funded by EU, has been jointly implemented by the United Nations Statistics Division (UNSD), the United Nations Environment Programme (UNEP) and the Secretariat of the Convention of Biological Diversity (CBD).  India is one of the five countries taking part in this project – the other countries being Brazil, China, South Africa and Mexico.  

In India, the NCAVES project is being implemented by the MoSPI in close collaboration with the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the National Remote Sensing Centre (NRSC).

The participation in the project has helped MOSPI commence the compilation of the Environment Accounts as per the UN-SEEA framework and release environmental accounts in its publication “EnviStats India” on an annual basis since 2018. Several of these accounts are closely related to the social and economic attributes, making them a useful tool for the Policy. 

NCAVES India Forum 2021 is being organised in a virtual format, with live sessions on January 14, 21 and 28, 2021, focusing on: 

January 14, 2021:      Efforts made by the international agencies in the domain of natural capital accounting and valuation of ecosystem services 

January 21, 2021:      Policy Demand for NCA in India  

January 28, 2021:      Achievements in natural capital accounting and valuation of ecosystem services and prospects of natural capital accounting in India