Page-4 of Least developed countries Current Affairs, GK & News

Govt to shrink sensitive list to make SAFTA work, improve Pak ties

To improve relations with Pakistan, India is likely to cut the peak tariff rate to 5 % within three years. The Union Cabinet might allow a diminution in the sensitive list by 30% for Non-Least Developed Countries (NLDCs), under the Safta trade liberalisation programme. Categorization of nations under South Asian Free Trade Area (SAFTA): SAFTA ..

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Sudan, South Sudan ink pact over Oil Payments

Sudan signed a deal with South Sudan over oil payments. South Sudan agreed to pay Sudan just over $ 9 per barrel to transport oil to its ports. What is the dispute? After the separation of South Sudan from Sudan in 2011, nearly 75% of the oil rich region went to South Sudan. The dispute ..

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$ 3 billion compensation to Sudan for economic losses: South Sudan

South Sudan has extended a compensation of more than 3 billion dollars to its neighbor Sudan for economic losses incurred due to the South’s independence. They are negotiating in Ethiopia to resolve bitter differences ahead of a U.N deadline on August 2, 2012. South Sudan gained independence from Sudan on July 9, 2011 , but ..

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China offers $8 billion loan to South Sudan

China has offered $8 billion in loan to South Sudan to fund a broad range of infrastructure projects over the next 2 years. The funds would be used to build roads, bridges and telecom network. China wants to maintain good relations both with Sudan, its established friend and with the South Sudan which became independent ..

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WEF Davos-Declaration

At by-lines of the 42nd assembly of the World Economic Forum (WEF), the Trade Ministers forum of IBSA (India-Brazil-South Africa) met in Davos, in order to retrospect the existing worldwide financial and economic condition. They echoed the fifth Summit of the Heads of State and Government of the IBSA Dialogue Forum that took place in ..

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