Free trade agreement Current Affairs, GK & News

UK-India $1.4 billion investment deal

The Government of India and British Government recently finalised a one billion pound of trade and investment with India. This is expected to create 6,500 jobs in the UK. The deal has been finalised ahead of the virtual summit between Indian Prime Minister Narendra Modi and the UK Prime Minister Boris Johnson. The leaders will ..

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What are CLMV countries?

The sixth India-CLMV Business Conclave 2020 was recently held. During the conclave, India invited the CLMV countries to join International Solar Alliance and the Resilient Supply Chain Initiative. The Conclave was held under the theme “Building Bridges for Constructive Development”. During the conclave, India mentioned that it is ready to share COVID-19 vaccine with the ..

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UK Enters into First Major Post-Brexit Deal with Japan

The UK has signed its first major post-Brexit trade pact by signing a deal with Japan. The deal aims to boost trade between these two countries by about £15bn. The deal would boost UK GDP by 0.07%, though, it is just a fraction of the trade that was lost with the European union (EU). Significance ..

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EU-India to resume talks on Free Trade Agreement

The Government of India and the European Union are expected to start a ‘High Level Dialogue of Trade and Investment’ during the virtual EU-India summit. However, the EU has also expressed its concerns towards the protectionist policies by the Indian government such as Make in India, ‘Atmanirbhar India’ etc. Background of the EU-India Free Trade ..

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GoI: 10 Sectors identified to cut imports

On June 3, 2020, the Department of Promotion for Industry and Internal Trade identified 10 sectors where in the imports are to be cut. This includes textiles, jewelry, mobile, gems, pharmaceuticals, garments, electronics, machinery, etc. Highlights The GoI has recently changed the set targets in order to become self-reliant in footwear, furniture and air conditioner. ..

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