International Trade Current Affairs, GK & News

India and 17 countries face U.S. Anti-Dumping Tax

March 5, 2021

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 ..

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Assam’s Red rice export to U.S.

March 5, 2021

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. ..

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China becomes India’s top Trade Partner

February 23, 2021

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 ..

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India & Mauritius signs Limited Trade Pact agreement

February 23, 2021

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, ..

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What is Supply Chain Resilience Initiative (SCRI)?

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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