bilateral trade Current Affairs, GK & News

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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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, particularly connecting the Iranian Shalamcheh to the Iraqi Basra City via railway. Both the countries are also going to cooperate ..

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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 the exporters of a select group of developing countries. India is the largest beneficiary nation under the GSP, which enjoyed ..

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