bilateral agreement Current Affairs, GK & News

India-South Korea bilateral trade target

India and South Korea have set to achieve bilateral trade target of 50 billion USD by 2030. The target was set during the summit held in 2018. Recently, the foreign ministers of the respective countries met to discuss on terms to achieve the target. How will the target be achieved? The target is to be ..

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India – Korea Trade Talks

On January 11, 2022, India and Korea held a bilateral trade talk. The talks focused on non – tariff barriers, market access issues, trade deficit faced by the Indian exporters. The countries also discussed investment related issues. Background The India – Korea bilateral trade was 20 billion USD in 2018. However, it started decreasing after ..

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India-Japan MoU in ICT sector

India and Japan recently signed Memorandum of Understanding to enhance cooperation in the field of Information and Communications Technology. The agreement included standardization of 5G as well. Key Features of the Agreement India and Japan will enhance cooperation in the field of telecom security, 5G technologies, submarine optical fiber cable system to islands of India, ..

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India-Bhutan MoU in use of outer space

The Union Cabinet recently approved the Memorandum of Understanding (MoU) between India and Bhutan for peaceful use of outer space. The MoU was signed between the countries on November 19, 2020. What is India-Bhutan MoU in use of Outer Space? The agreement allows the countries to pursue cooperation in areas such as space science, navigation, ..

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UK-Vietnam Free Trade Agreement

The United Kingdom and Vietnam recently signed an agreement on trade. The agreement is to eliminate 99% of tariffs within seven years. Highlights With the elimination of 99% of tariff, Vietnam is to benefit from tariff savings of 114 million pounds, that is 151 million USD on its exports and British will benefit 36 million ..

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Agreement between Russia and China on Notification of Launches of Ballistic Missiles and Space Missile Carriers

Recently, Chinese State Councilor and Defence Minister General Wei Fenghe and Russian Defence Minister Sergi Shoigu signed a Protocol to extend the ‘Agreement between Russia and China on Notification on Launches of Ballistic Missiles and Space Missile Carriers’. The Agreement was signed in 2009 and is expiring in December 2020. The countries thus renewed the ..

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