The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020

The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020

Last week, the United States officially designated developing and least-developed countries for the purposes of implementing the countervailing… For further reading, visit “The Hindu”. Below is today’s advanced word list-1 for The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020.

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Courtesy: The Hindu

Today’s Advanced Word List 1 for The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020:

  1. well-served (adjective) – properly served, done well, serve a purpose.
  2. protectionism (noun) – the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
  3. designate (verb) – classify, categorize, tag, label.
  4. countervailing (adjective) – offsetting, counteracting, acting against with equal power, force, or effect.
  5. SCM agreement (noun) – The Agreement on Subsidies and Countervailing Measures (“SCM Agreement”) addresses two separate but closely related topics: multilateral disciplines regulating the provision of subsidies, and the use of countervailing measures to offset injury caused by subsidized imports. (Courtesy: WTA)
  6. countervailing duties (noun) – tariffs levied on imported goods to offset subsidies made to producers of these goods in the exporting country; Duties that are imposed in order to counter the negative impact of import subsidies to protect domestic producers are called countervailing duties.
  7. subsidy (noun) – the definition of subsidy contains three basic elements: (i) a financial contribution (ii) by a government or any public body within the territory of a Member (of WTA) (iii) which confers a benefit. (Courtesy: WTA)
  8. stipulate (verb) – lay down, specify, state clearly.
  9. de minimis (adjective) – (Latin phrase) too trivial/minor, about minimal things.
  10. criterion (noun) – basis, standard, norm. (criteria is the plural form of criterion).
  11. distinction (noun) – difference, dissimilarity, variation.
  12. unlike (adjective) – different from, dissimilar to, not like, as opposed to.
  13. per capita (adverb & adjective) – per person, for each, individually.
  14. arbitrary (adjective) – discretionary, personal, subjective; unmotivated, unreasonable, irrational/illogical, unjustified.
  15. multilateral (adjective) – involving many different countries (in which all WTO member countries are party to the agreement).
  16. take off (phrasal verb) – remove, take away.
  17. Generalised System of Preferences (GSP) (noun) – The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for thousands of products from 129 designated beneficiary countries and territories.
  18. window (noun) – opportunity, chance, opening.
  19. confer (verb) – grant, bestow, present/give.
  20. imply (verb) – say indirectly, suggest, hint.
  21. reciprocal (adjective) – mutual, common, shared.
  22. unwilling (adjective) – reluctant, disinclined, resistant.
  23. slew of (noun) – a large number of, lot, range.
  24. potential (adjective) – possible, likely, prospective, probable.
  25. exertion (noun) – use, application, utilization (of force/influence).
  26. differential (adjective) – different, dissimilar, contrasting.
  27. special and differential treatment (S&DT) (noun) – The WTO agreements contain special provisions which give developing countries special rights and allow other members to treat them more favourably. These are “special and differential treatment provisions” (abbreviated as S&D or SDT). (Courtesy: WTA)
  28. in short (phrase) – briefly, in essence, in sum.
  29. accede to (verb) – agree to, consent to, accept.
  30. deploy (verb) – employ (resources).
  31. open up (phrasal verb) – make available (to create/start developing new opportunities).
  32. discipline (noun) – regulation, direction, order, rule; a system of rules of conduct.
  33. virtually (adverb) – effectively, nearly.
  34. Minimum Support Price (MSP) (noun) – it is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
  35. constraint (noun) – restriction, limitation, restraint.
  36. Direct Benefit Transfer (DBT) (noun) – an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. It aims to transfer subsidies directly to the people through their bank accounts.
  37. distress (noun) – difficulty, trouble, suffering.
  38. insurmountable (adjective) – unconquerable, unassailable, unbeatable.
  39. juncture (noun) – point in time, time/moment, stage.
  40. foreseeable (adjective) – expected, predictable, inevitable.
  41. -ridden (as adjective, in combination) – be full of or dominated by.
  42. imperative (noun) – duty, obligation; urgent thing, necessary requirement.
  43. instrument (noun) – mechanism, apparatus, system, means (to achieve/attain something).
  44. provision (noun) – term, clause, requirement.
  45. reciprocity (noun) – exchange, substitution, reparation.
  46. across the board (phrase) – applying to all.

Note:  

 1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.
2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. 
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s Advanced Word List 1 for The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020:

The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020 The Hindu Lead Article (In U.S. trade action, an Indian counter-strategy) – Feb 19, 2020

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