bilateral trade Current Affairs, GK & News

India-China Trade in 2021

The trade between India and China was around 125 billion USD in 2021. India’s imports from China stood at 100 billion USD. Most of the import demands were in machinery. India – China Trade in 2021 India faced a trade deficit of 69.4 billion USD with China in 2021. This was 22% higher than the ..

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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-EU High Level Dialogue on Trade & Investment

The 1st High Level Dialogue (HLD) on Trade & Investment was held between India and European Union (EU). The dialogue was co-chaired by Shri Piyush Goyal, the Minister of Commerce and Industry and Mr. Valdis Dombrovskis, the European Union Executive Vice-President & Trade Commissioner.  The dialogue was held on February 5, 2021. Background The dialogue was ..

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RuPay Card Phase II jointly launched by India and Bhutan

On November 20, 2020, PM Narendra Modi and Bhutanese PM Lotay Tshering jointly launched RuPay card Phase II that will allow Bhutan citizens to access RuPay network in India. The phase I was launched in August 2019. Highlights The implementation of Phase I of Rupay cards enabled visitors from India to access Point of Sale ..

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India-Mexico holds 8th Joint Commission Meeting

India and Mexico recently held the eighth Joint Commission Meeting. The countries appreciated the recent progress in the bilateral trade between them. Key Highlights The bilateral cooperation includes areas such as trade, agriculture, investment, health and education. The meeting was presided by the foreign ministers of the countries. They agreed to add new momentum to ..

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