International Trade Current Affairs, GK & News
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 US Department of Commerce after several U.S. aluminium alloy manufacturers complained that they were being ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: Anti-dumping duty • Countervailing duties • India US trade • India-US • International Trade • World Trade Organisation (WTO)
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 of the flagging-off of the export consignments was carried out by APEDA Chairman Dr. M. ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • International Current Affairs • States Current Affairs
Topics: Assam • India-US • International Trade • Non-Basmati rice exports • Red Rice • rice export • Rice Production in India
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 between both the countries in the year 2020 stood at $77.7 billion. However, the trade ..
Month: Current Affairs - February, 2021
Category: International Current Affairs
Topics: India China relations • India-China border dispute • India-China Trade Deficit • India’s top Trade Partner • International Trade
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 minister of India, S Jaishankar. CECPA was approved by the Indian Cabinet on February 17, ..
Month: Current Affairs - February, 2021
Category: Environment Current Affairs • International Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Comprehensive Economic Cooperation and Partnership Agreement (CECPA) • India-Mauritius • India-Mauritius CECPA • India-Mauritius Trade relation • International Trade
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 chain resilience is an approach that helps a country to ensure that it has diversified ..
Month: Current Affairs - September, 2020
Category: International Current Affairs
Topics: Foreign direct investment • International Trade • supply chain resilience initiative