India-US Trade War Current Affairs, GK & News

India restricts export ban of HCQ drug

On April 7, India announced restrictions on export of Hydroxychloroquine (HCQ) drug. What is the issue? India had imposed ban on export of HCQ drug to prevent the shortage of the drug in the country. The United States and 30 other countries including some of the SAARC countries have been pressuring India to remove the ..

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India and Russia Defence Deals to cross 16 billion USD after DefExpo 2020

India and Russia have signed 14 MoUs during the DefExpo 2020. It included land, air, naval and other hi-tech civilian products. With the agreements signed the Defence trade between the countries is to cross 16 billion USD. Highlights The trade of 16 billion USD between the countries includes S400 missiles, Kamov helicopters and Kalashnikov rifles. ..

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India to partially open up Poultry and Diary Markets to imports from US

Ahead of President Trump’s visit by the end of February 2020, GoI has announced that it is to partially open the poultry and Diary market to imports from US. Highlights India will now allow imports of US turkey, chicken legs blueberries and cherries. The tarrif on Chicken legs are to be cut from 100% to ..

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WTO Panel rejects India’s claims on Steel issues with the US

The World Trade Organization panel on November 15, 2019, rejected several claims of India against US on steel duties. India earlier complained to the organization that the United States is breaching international trade rules in 14 areas. Following which, WTO had faulted US decision over imposition of countervailing duties on steel products from India. However, ..

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USISPF meets PM Modi

The US-India Strategic Partnership Forum met PM Narendra Modi on October 21, 2019. The discussion of the meeting was based on the steps to ensure Ease of Doing Business. Inferences from the meeting The meeting expressed the reposing faith on Indian Economy among the US industries and commerce circles. In spite of hindrances in the ..

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