International trade refers to exchange of capital, goods, and services across international borders. The main difference between the domestic trade and the international trade is of “cost of doing trade” because the international trade involves border costs such as tariffs & customs, time costs due to distance and border delays and other costs associated with ..
Following India’s economic liberalization from 1991 onwards, Africa has emerged and is likely to remain crucial for natural resources and developing markets. India’s growing synergy with Africa is evident from the recent trends in trade. The total trade was than $1 billion in 1990-1991 and has grown to $71 billion in 2014-15. India is now ..
In 2012-13, the share of agricultural commodities and food products in India’s overall export basket was 10.66%. This figure was around 20% in 1990s while 7.9% in late 2010s. Thus, from 1990s onwards, the share of farm exports in India’s total exports went down, and it has only improved in recent years marginally. The reason ..
In 2005, three countries viz. Chile, New Zealand and Singapore came together and created a free trade agreement called Trans-Pacific Strategic Economic Partnership or TPSEP. Later Brunei joined them and it was now also known as P4. From 2010 onwards, there have been discussions to make it more wider, more disciplined free trade agreement to ..