FTA Current Affairs, GK & News

IPEF: India to join USA’s new initiative

India expressed willingness to join Indo-Pacific Economic Framework for Prosperity (IPEF), a new economic initiative led by the USA. USA clarified that the IPEF is not a free trade agreement (FTA). Thus, it neither seeks to replace the 11-nation CPTPP (Trans-Pacific Partnership) nor the RCEP. When negotiations did begin and what are the focus areas? ..

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UK-India Business Commission

Recently, the Confederation of Indian Industry (CII) and the Confederation of British Industry (CBI) inked a pact to establish the UK-India Business Commission. What are the objectives of the UK-India Business Commission? To increase collaboration among industries of the United Kingdom (UK) and India. To advocate the removal of the barriers to bilateral trade and ..

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RBI Report on Currency and Finance

Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium term. What is the ..

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India-Canada FTA Talks

India and Canada decided to restart negotiations on Free Trade Agreement (FTA) or Comprehensive Economic Partnership Agreement (CEPA). History of negotiations The benefits of India-Canada CEPA were highlighted by “India-Canada CEO Round Table” held in 2008. It was decided that bilateral trade would get boost by elimination of tariffs. In 2010, the benefits were reiterated ..

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Why did India not sign the world largest RCEP trade deal?

On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open for India. However, in 2019, India walked out of the agreement. Why did India not sign the agreement? According to India, the deal does not address its ..

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European Think Tank: Act East Policy of India has shifted its Geostrategic posture in Indo-Pacific

On July 7, 2020, the European Foundation for South Asian Studies (EFSAS) said that Act East policy of India has shifted the Geostrategic posture of India in the Indo-Pacific. Highlights The EFSAS is a European think tank. According to the think tank, the Act East Policy has expanded India’s scope beyond its previous Look East ..

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