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Current Affairs

GK MCQs Section

Page-2 of Topic: International Trade

Ministry of Defence approves issuance of two OGELs for export of certain parts and components

Defence Minister Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select...

October 29, 2019

Nirvik: New Export Credit Insurance Scheme

The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability...

September 17, 2019

India to conduct 1st National Time Release Study for faster movement of Cargo

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders....

August 2, 2019

SCO: Bishkek Declaration

The Bishkek Declaration released at the Shanghai Cooperation Organization (SCO) urged the international community to strengthen global cooperation in efforts against terrorism without politicization and double standards. Countering...

June 15, 2019

UNCITRAL Model Law for Crossborder Insolvency Resolution

A committee set by the Ministry of Corporate Affairs has recommended the UNCITRAL model law for cross-border insolvency resolution. The committee makes the following recommendations for addressing the...

June 4, 2019

New Delhi is organizing 2019 World Trade Organisation (WTO) ministerial meeting of developing countries

On 13th May 2019, the World Trade Organisation (WTO) ministerial meeting of developing countries has started in New Delhi. The two-day meeting is being held at a time...

May 13, 2019

Arms Trade Treaty (ATT) not to be ratified by US

US President Donald Trump announced that USA will not abide by and will never ratify Arms Trade Treaty (ATT), a UN treaty aimed at regulating global arms trade....

April 27, 2019

India and Peru held the 4th round of FTA

India and Peru have held the 4th round of negotiations for a proposed Free Trade Agreement (FTA) in Lima, Peru. The agreement is aimed to boost the 2-way...

March 21, 2019

India’s Rising Trade Imbalance

The Free Trade Agreement (FTA) refer to the cooperation between at least two countries to reduce trade barriers like import quotas and tariffs to increase trade of goods and services with each other. How does...

December 24, 2018

EU approves world’s largest free trade deal with Japan

On December 12, the European Parliament has approved the world’s largest free trade deal between Japan and the European Union (EU). The EU-Japan Economic Partnership Agreement will go...

December 14, 2018

Agriculture Export Policy, 2018

On 7th December, 2018 Union Cabinet has approved the Agriculture Export Policy, 2018. A Monitoring centre under the Ministry of Commerce would be established to oversee the implementation...

December 7, 2018

United States sign trade pact with Canada and Mexico to replace North American Free Trade Agreement (NAFTA)

The United States has signed trade pact with Canada and Mexico to replace the 24-year-old North American Free Trade Agreement (NAFTA) in Buenos Aires, Argentina. They signed an...

December 3, 2018

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