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It’s the age of startups ushering in new winds of change across the globe, especially emerging markets like India. The traditional template of gaining experience after education before taking the entrepreneurial plunge is no more in vogue. The contemporary times are witnessing bright young minds brimming with ideas, eager to turn them into marketable products via startups. “Got an idea? Go for a startup!” – that’s the paradigm shift which is defining today’s business spectrum. In fact, in India alone, there were more than 61,400 recognized startups as of January 10, 2022; and in 2021, more than 500 districts across the nation had at least one new startup. Such is the magnitude of the burgeoning startup culture. However, there’s a flip side to the whole scenario. The startup success rate across the globe including India is an underwhelming 10 percent which is a point to ponder. There are certain rudimentary elements to be factored in before embracing entrepreneurship in order to succeed. Continue Reading at OEM NEWS.

A typical trade dispute arises when a member government believes another member is violating an agreement when one of its citizen companies raises an objection to a perceived unfair trade practice by a company belonging to another country. World Trade Organization (WTO) has been at the forefront of resolving international trade disputes with good success. In fact, starting 1995, a massive 612 disputes have been brought to the WTO which is the designated arbitration authority and over 350 rulings have been issued. Any member country can reach out to the WTO against another member which is supposedly discarding, unfairly subsidizing or violating any other trade agreement. If the WTO determines the case to be valid, it may levy sanctions on the aberrant member. Disputes generally arise between two or more companies belonging to different nations.