International Trade Current Affairs, GK & News

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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EU-India to resume talks on Free Trade Agreement

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

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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