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.HighlightsThis decision was taken by the US Department ..

Tags: Anti-dumping duty • Countervailing duties • India US trade • India-US • International Trade

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’.HighlightsThe ceremony of the ..

Tags: Assam • India-US • International Trade • Non-Basmati rice exports • Red Rice

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.HighlightsThe provisional data from the trade between both ..

Tags: India-China border dispute • India’s top Trade Partner • International 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 ..

Tags: Atma Nirbhar Bharat Abhiyan • Comprehensive Economic Cooperation and Partnership Agreement (CECPA) • India-Mauritius • International Trade

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 InitiativeIn the context of international trade, supply chain resilience ..

Tags: Foreign direct investment • International Trade • supply chain resilience initiative

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 ..

Tags: Free trade agreement • India-EU • International Trade

Month: Current Affairs - July, 2020