International Trade: GK, Current Affairs, Questions, Trivia and News

Suresh Prabhu leads Indian delegation at 11th Ministerial conference of WTO

The 11th Ministerial conference of the 164-member World Trade Organization (WTO) has started in Buenos Aires, Argentina on December 10, 2017. At the meeting, India is represented by Union Commerce and Industry Minister Suresh Prabhu who will be pushing for a permanent solution to the public food stock-holding issue which is crucial for operating the ..

India hosted 19th RCEP Trade Negotiating Committee (TNC) meeting

The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17 to 28 July 2017 in Hyderabad, India. RCEP is a proposed comprehensive regional economic integration agreement amongst the 10-ASEAN countries (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) ..

IT hiring at 10-year low

The technology services sector in India is currently undergoing a very bad growth period in close to a decade as their clients are decreasing their budgets on traditional outsourcing work. Also, the routine customer applications maintenance work which are performed by the freshers has been now carried out by automation or robots. With increasing automation, ..

China launches WTO dispute resolution case against US, EU

China has launched a dispute resolution case against US and EU at the World Trade Organisation regarding the surrogate country approach followed by the US and EU to calculate anti-dumping measures against exports from China. When China joined the WTO in 2001, it accepted to allow WTO members to treat it as a non-market economy to calculate anti-dumping ..

United States to quit TPP

President-elect Donald Trump has announced that the US will quit the Trans-Pacific Partnership (TPP) trade deal on his first day in the White House. The TPP is essentially a Free Trade Area and the trade deal was signed by 12 countries. The 12 countries among which TPP has been agreed upon include – United States, ..

Current Trends in Global Trade

The current trends in global trade can be discusses under the below heads. Positive Relation between Word Trade Growth and World GDP Growth World GDP growth is followed by the growth in world trade, and vice-versa. This indicates that there is a positive relation between growth in export and world GDP growth. However, this growth ..

Theories of International Trade

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 ..

India Africa Trade Relations

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 ..