global trade
Sustainable Trade Index 2024
Sustainable trade is gaining prominence globally as economies are adapting post-pandemic. Countries are facing health crises, climate change, and geopolitical tensions. Resilience is crucial for recovery and many nations are focusing on sustainable trade practices, which promote innovative thinking and ..
Month: Current Affairs - November, 2024
Category: Reports & Indexes Current Affairs
Global Freight Summit 2024
The Global Freight Summit 2024 commenced in Dubai on November 18, marking its third edition since 2022. Hosted by DP World, the event will conclude on November 20 with over 5,000 industry leaders from 155 countries participating, focusing on the ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
OECD Services Trade Restrictiveness Index-STRI
The Organization for Economic Cooperation and Development recently released the Services Trade Restrictiveness Index. India ranked 47th. Last year, India was in the 46th position. Unfortunately, India remains among the bottom five countries in the ranking. Russia was in the ..
Month: Current Affairs - February, 2023
Category: Reports & Indexes Current Affairs
UNCTAD on Global Trade in 2021
According to UNCTAD’s Global Trade Update published on February 17th, global trade in goods continued strong in 2021, and trade in services finally returned to the levels of pre-COVID-19. Global trade touched $28.5 trillion which is a record level in 2021, according ..
Month: Current Affairs - February, 2022
Category: International / World Current Affairs
What is Suez Canal Blockade?
A container ship called the “Ever Given” recently ran aground in the Suez Canal. This blocked more than 400 ships from transiting the canal. The blockage created huge impacts on global trade and is referred to as Suez Canal Crisis ..
Month: Current Affairs - April, 2021
Plastic Parks Scheme: Key Facts
The Ministry of Chemicals and Fertilizers has recently approved to set up ten plastic parks in the country. The parks are being set up under the Plastic Park scheme that was launched in 2019. The plastic parks or to be set ..
Month: Current Affairs - September, 2020
Tax Heads of BRICS met through Video Conference
On May 29, 2020, the Heads of Tax authorities of BRICS met through video conference. The Conference was hosted by Russia. Highlights The meeting was attended by the Heads of Tax Authorities of Russia, Brazil, India, China and South Africa. ..
Month: Current Affairs - May, 2020
India has the third-highest trade-related illicit financial flow globally
US-based think tank Global Financial Integrity (GFI) recently released a report titled “Trade-related Illicit Financial Flows in 135 Developing Countries: 2008-2017”. As per the report, five countries with the largest gaps were China ($457.7 billion), followed by Mexico, India, Russia and Poland. ..