Page-2 of bilateral trade
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 ..
Month: Current Affairs - October, 2020
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 ..
Month: Current Affairs - July, 2020
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 ..
India-Brazil ink 15 agreements during Brazil President’s visit on Republic Day
The President of Brazil, Mr Jair Bolsonaro visited India to take part in Republic Day celebrations. During his visit, the countries signed several agreements. Alongside, the fifth session of India-Brazil Trade monitoring mechanism was also held. President Bolsonaro was accompanied ..
Month: Current Affairs - January, 2020
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 informed that the Indian marine ..
Month: Current Affairs - January, 2020
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 eliminating certain import duties on ..