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Geographical indication (GI)
GI is a legal label marking in which region a product comes from. GIs can be domestic or international.
Domestic GIs are protected by local governments and international GIs are protected by the TRIPS agreement, which is part of the World Trade Organisation (WTO). Once a GI status is approved, the label functions similar to trademarks.
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After the Breton Woods agreement, all the world currencies were pegged to the dollar, which was in torn pegged on gold. But in 1974 the US dropped the gold backing and $ became free-floating. The US maintained their currency supremacy by making sure all the Middle East oil producers would only tr...
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