bilateral trade: GK, General Studies and Current Affairs

Iran-Iraq Bilateral Trade to be increased to $20 Billion

Iran and Iraq are interesting in increasing the bilateral trade value between them to $20 billion in the near future. The two countries are also going to implement all the earlier agreements in this regard, ..

India not eligible for US’ GSP benefits

The United States Trade Representative’s (USTR’s) office has recently classified India as a developed economy and it is ineligible for GSP benefits from the US. The Generalized System of Preferences (GSP) scheme offers a lower tariff to ..

Trade Deficit with China declines Marginally in 2019

As India’s biggest single or bilateral trade deficit is with China over the last few decades which reached USD 58.04 billion in 2018, The Vice Minister of General Administration of Customs of China, Zou Zhiwu ..

What is GSP in the United States of America?

The United States of America’s Generalized System of Preferences (GSP) is the oldest and largest trade preference program established under the Trade Act of 1974 by the US government. The GSP promotes economic development by ..

India-Sweden to sign their First Maritime Cooperation Agreement

India and Sweden are expected to sign the agreement for Cooperation in Polar Science during the Swedish Royal Couple, King Carl XVI Gustaf and Queen Silvia, along with their senior minister’s five-day visit to India ..