International Trade
India Resumes Free Trade Agreements (FTAs)
India resumed signing Free Trade Agreements (FTAs) in 2021 after a decade-long hiatus. The country has since completed agreements with Mauritius, the UAE, Australia, and EFTA countries. However, India is now adopting a more cautious approach to FTAs. This shift ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
Indian Tobacco Board Promotes Export Growth
The Tobacco Board of India (TBI) is actively promoting Indian tobacco in international markets. The focus is on the Middle East, particularly the UAE. This initiative aims to enhance the income of Indian farmers by branding unmanufactured tobacco. Export Categories ..
Month: Current Affairs - November, 2024
Category: Agriculture Current Affairs
India and 17 countries face U.S. Anti-Dumping Tax
The United States Department of Commerce is all set to tax aluminium sheet exporters from the 18 countries including India after the department determine that these countries had benefited from subsidies and dumping. Highlights This decision was taken by the ..
Month: Current Affairs - March, 2021
Assam’s Red rice export to U.S.
The first consignment of ‘red rice’ was flagged off on March 4, 2021 to the United States. This adds on to the India’s rice exports potential. The rice was sourced by leading rice exporter called ‘LT Foods’. Highlights The ceremony ..
Month: Current Affairs - March, 2021
China becomes India’s top Trade Partner
China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment and home appliances from China. Highlights The provisional data from the trade ..
Month: Current Affairs - February, 2021
India & Mauritius signs Limited Trade Pact agreement
India and Mauritius have signed a Comprehensive Economic Cooperation and Partnership Agreement (CECPA). This was first ever trade agreement with any African country. It was signed in the presence of Prime Minister of Mauritius, Pravind Jugnauth and the external affairs ..
Month: Current Affairs - February, 2021
What is Supply Chain Resilience Initiative (SCRI)?
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 ..
Month: Current Affairs - September, 2020
EU-India to resume talks on Free Trade Agreement
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 ..
Month: Current Affairs - July, 2020
8th Foundation Day of Land Port Authority of India held in New Delhi
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 ..
Month: Current Affairs - March, 2020
US drops Currency Manipulation Charge against China ahead of Trade Deal
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 ..