Explanation

Explanation

NAMA stands for Non-Agricultural Market Access in the World Trade Organization (WTO).

NAMA is a series of trade negotiations between WTO members to reduce or eliminate tariffs and non-tariff barriers on industrial products.

The goal of NAMA is to make it easier for developing countries to export certain products. 

NAMA negotiations cover a range of products, including:

• Manufactured goods
• Textiles
• Fuels and mining products
• Footwear, jewelry, forestry products, fish and fisheries, and chemicals

Explanation

The agreement came into force in 2006, succeeding the 1993 SAARC Preferential Trading Arrangement.

Explanation

Abbreviation     AIIB

Formation     16 January 2016 by China

Headquarters     Beijing, China

Region served    Asia and Oceania

Membership     106 Member States

Explanation

The COP-26 Climate Conference held in Glasgow focused on several key declarations:

1. Urgent need to reduce greenhouse gas emissions: A commitment to limit global warming to 1.5°C by significantly cutting emissions.
2. Launch of new initiatives and sector deals: Including efforts to phase out coal, curb methane emissions, and promote clean energy solutions.
3. Finalization of rules: Countries agreed on transparency rules for reporting emissions and mechanisms for international carbon trading.