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

India decides not to join Regional Comprehensive Economic Partnership deal

During the Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, India has decided not to join the RCEP deal as negotiations failed to address New Delhi’s outstanding issues and concerns. The summit included China, Japan, Australia, New Zealand, South Korea, and the 10-nation ASEAN grouping. The RCEP negotiations were meant to create the world’s biggest ..

Narendra Modi leads Indian delegation at 35th ASEAN Summit

The 35th Association of Southeast Asian Nations (ASEAN) Summit 2019 has started in Bangkok, Thailand on 1st of November with theme ‘Advancing Partnership for sustainability’. During 5-days summit East Asia summit (EAS) and Regional Comprehensive Economic Summit (RCEP) will be also held. Prime Minister Narendra Modi will attend this summit on 3rd and 4th November. ..

First-ever India-Caricom leaders’ summit held in New York

Prime Minister Narendra Modi hosted the first-ever India-Caricom summit in New York with a focus on fighting climate change and increasing India’s participation with the grouping. Mr Modi announced a $14 million US dollar grant for community development projects in the Caricom and another $150 million line of credit for solar, renewable energy and climate ..

African Continental Free Trade Agreement and India

At the summit of the African Union (AU) held at Niamey, the capital of the Niger Republic 54 of 55 of its member states signed the African Continental Free Trade Agreement (AfCFTA) for goods and services and 27 countries have already ratified it. The AfCFTA would create an African Common Market of 1.2 billion people and ..

India extends $15 million grant assistance to Niger for organizing African Union Summit

India has extended US$ 15 million grant assistance to Niger in support of organizing of the African Union (AU) summit scheduled from 7-8 July, 2019 in Niamey, the capital of Niger. The support of grant assistance was in response to a specific request made by Government of Niger. Niger is hosting the AU Summit for ..

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 when the multilateral rule-based-trading system is facing serious and grave challenges. The meeting will provide an opportunity for the Ministers to discuss various issues and the way ..

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, ..

Cambodia venue of 7th RCEP Inter-Sessional Ministerial Meeting

The 7th Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting (7th RCEP ISSL MM) will be held in Siem Reap, Cambodia on 2nd March 2019. The aim of the 16-member RCEP is to cover issues related to goods, services, investments, economic and technical cooperation, competition and intellectual property rights. From India, Union Minister of Commerce & ..