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

What is Supply Chain Resilience Initiative (SCRI)?

Published: September 2, 2020

India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour. Supply Chain Resilience Initiative In the context of international trade, supply chain resilience is an approach that helps a country to ensure that it has diversified ..

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EU-India to resume talks on Free Trade Agreement

Published: July 15, 2020

The Government of India and the European Union are expected to start a ‘High Level Dialogue of Trade and Investment’ during the virtual EU-India summit. However, the EU has also expressed its concerns towards the protectionist policies by the Indian government such as Make in India, ‘Atmanirbhar India’ etc. Background of the EU-India Free Trade ..

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8th Foundation Day of Land Port Authority of India held in New Delhi

Published: March 3, 2020

On March 2, 2020, the eighth foundation day of the Land Port Authority of India was celebrated. The event discussed various aspects of land ports such as cargo operations at Integrated Check Ports and other border infrastructure. Land Port Authority of India The Land Port Authority of India is responsible for managing border infrastructure. It ..

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US drops Currency Manipulation Charge against China ahead of Trade Deal

Published: January 14, 2020

According to the semi-annual report on Macroeconomics and Foreign Exchange Policies published by the United States Treasury Department on Monday 13th January 2020, United States has dropped its charges of designating China as a currency manipulator as no major US trading partner was reported as currency manipulator in the report which came less than 48 ..

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US initiates new anti-dumping duty

Published: November 15, 2019

The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and ..

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