International Groupings: Current Affairs, GK & News - 2020-2021

RCEP: 15 Asian Economies sign World largest China-backed deal

Published: November 15, 2020

On November 15, 2020, China and fourteen other countries signed a deal to set up the world largest trading bloc. The negotiations to sign the deal began in 2011. These 15 countries account to 30% of world population and 30% of global GDP. Thus, the deal is the world largest Free Trade Agreement. Key Highlights ..

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G20 countries pledge 21 billion USD to fight COVID-19

Published: June 6, 2020

On June 6, 2020, the G20 countries pledged over 21 billion USD to fight against COVID-19. The countries have so far injected 5 trillion USD in March 2020 to help fight global economic crisis. The 21 billion USD commitment was made only by the invited members. Highlights The G20 countries had already injected 5 trillion ..

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G7 summit postponed; To be expanded as G10 or G11

Published: June 3, 2020

The US President Donald Trump recently announced that the USA is postponing the G7 summit to September 2020. Also, President Trump intends to expand the G7 group to G10 or G11. On June 2, 2020, US  President Trump invited Indian PM Modi to the G7 summit through telephonic conversation. The Leaders discussed India-China recent Stand ..

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US joins G7 partnership on Artificial Intelligence

Published: May 29, 2020

The Leaders of Group of the seven wealthiest countries in the world had set up Global Partnership on Artificial Intelligence. Highlights The United States was not a part of the partnership initially. However, US is now joining the group to counter Chinese dominance in shaping international standards on surveillance and facial recognition at the United ..

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India attends SCO meeting

Published: May 14, 2020

On May 13, 2020, External Affairs Minister of India Shri S Jaishankar represented India at SCO (Shanghai Cooperation Organization) foreign minister meet. The meet was attended by foreign ministers through video conferencing. China and Pakistan foreign ministers also attended the meet. Highlights The foreign ministers at the meet discussed COVID-19 crisis and coordination efforts. They ..

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