Current Affairs Global - 29 January 2014

1. As per UN Conference on Trade and Development (UNCTAD) report, Global FDI increased by 11% in 2013 to an estimated USD 1.46 trillion, with the lion's share going to developing countries. FDI flows to developing economies reached a new high of 759 billion dollars, accounting for 52% during the year. UNCTAD forecasts that FDI flows will rise gradually in 2014 and 2015, to USD 1.6 trillion and USD 1.8 trillion, respectively.

2. US Chamber of Commerce released the International Intellectual Property (IP) Index yesterday. The United States received the highest (28.5%) overall score followed by UK France. China IIP environment continued to see challenges (trade secret protection and enforcement) and it shows improvements in certain aspects of its patent regime. Most high-income economies with notable exceptions such as Canada, New Zealand, Chile, and the United Arab Emirates (UAE) have robust national IP environments in place. The weakest national IP environments are in the lower-middle-income countries such as Vietnam, Indonesia, Thailand, and India. International IP Index is prepared by the Global Intellectual Property Center (GIPC) of the US Chamber of Commerce which maps the IP environment of 25 countries from around the world utilising 30 factors, which are indicative of an IP environments that fosters growth and development.

3. The ICC Board has approved the introduction of an International Women-s Championship. The Competing countries will include Australia, West Indies, England, New Zealand, Sri Lanka, South Africa, India and Pakistan. Each team will play the others in a series of matches between mid-2014 and the end of 2016. The top teams will qualify automatically for the ICC Women-s World Cup to be held in 2017 in England.