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 ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: Act East Policy • Association of South East Asian Nations • CLMV Countries • Free trade agreement • India-CLMV • India-CLMV Countries • India’s Act East policy • Kaladan Multi-Modal Transit Transport Project • Southeast Asia

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 ..

Month: Current Affairs - September, 2020

Category: International Current Affairs

Topics: Brexit • Brexit negotiations • European Union • Free trade agreement • UK-Japan

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 ..

Month: Current Affairs - July, 2020

Category: International Current Affairs • Summits and Conferences

Topics: Free trade agreement • India-EU • International Trade

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. ..

Month: Current Affairs - June, 2020

Category: Government Schemes Current Affairs

Topics: Air Conditioners • ASEAN • Atma Nirbhar Bharat Abhiyan • Free trade agreement • Import substitution Industrialisation • imports • india-asean

Exports: GoI launches guidelines for Certificate of Origin

The Ministry of Commerce recently launched an online platform to issue Certificate of Origin to the exporters and other guidelines. The move is being taken to facilitate shipments during lock down. Highlights Currently, the online platform is used obtain certificate of exports under PTA signed with Chile, SAFTA signed with Nepal and SAPTA signed with ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: Custom Duty • exports • Free trade agreement • Guidelines • lock down • Preferential Trade Status • SAARC