Trade agreement Current Affairs, GK & News

Curbs on Palm oil imports tightened

On April 13, 2020, India tightened its curbs on imports of palm oil. Under the new conditions, the authorisation for imports of palm oil should be accompanied with pre-purchase agreement. Highlights Apart from the pre-purchase agreement, “certificate of origin” has also been made mandatory. This certificate is important to prove where the goods come from. ..

Month: 

Category: 

Topics: 

Digital Certificate of Origin System Launched

The Ministry of Commerce and Industries has launched the common digital platform for the issuance of certificates of origin to ease the regulatory burden on the exports. What is a certificate of origin? The Certificate of Origin is used to certify that the export products are obtained, produced or manufactured in India. Currently, it is ..

Topics: 

Developing Country Status in WTO

US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. President Trump questioned the “developing country” status enjoyed by India and China at the WTO and argued that these countries are not ..

Topics: 

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 commerce between both the countries. Both the countries have negotiated a trade agreement covering goods, services, investment, movement of professionals, investments, dispute settlement, technical barriers to trade, ..

Topics: 

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 FTA’s work? The free-trade agreement aims at reducing barriers to exchange so that trade can grow as a result of specialisation, division of labour, and most importantly ..

Topics: 

1 / 212