FTA: Current Affairs, GK & News - 2020-2021

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

Published: November 17, 2020

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

Published: July 7, 2020

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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India to set strict restrictions on non-essential imports from China

Published: January 3, 2020

Ministry of Commerce and industry has announced that 371 items from China will get strict restriction from March 2020. The move aims at curbing imports of non-essential items such as plastic goods, toys, furniture, sports. Highlights The rules are to be framed by the Ministry in coordination with BIS (Bureau of Indian Standards). Though the ..

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India, Georgia sign Joint Statement to launch Joint Feasibility Study on FTA

Published: April 12, 2017

India and Georgia have singed a Joint Statement on the launching of the Joint Feasibility Study on the Free Trade Agreement between both countries. The statement was signed by Union Commerce & Industry Minister Nirmala Sitharaman and Georgia’s Minister of Economy and Sustainable Development Giorgi Gakharia. Key Facts The objective of the study is to ..

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Sri Lanka, Pakistan agree to expand FTA

Published: January 6, 2016

Sri Lanka and Pakistan have agreed to expand their bilateral free trade agreement (FTA) by inclusion of services and investment. Statement in this regard was made by Pakistan Prime Minister Nawaz Sharif during his official visit to Sri Lanka. The expansion of FTA would help companies of the two nations to form joint ventures (JV) ..

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