Trade policy: Current Affairs, GK & News - 2020-2021
World Trade Organization to be led by a woman for first time
Published: October 8, 2020
Established in 1995, the World Trade Organization has not yet had an opportunity to run under a woman director. For the first time, in its history the WTO will be led by woman. The selection committee of the organization has announced that South Korea’s Yoo Myung-hee and Nigeria’s Ngozi Okonjo Iweala are the two finalists ..
Category: International Current Affairs
Government decides to cap export incentives under MEIS scheme
Published: September 3, 2020
The government have decided to cap export incentives under Merchant Export from India Scheme (MEIS) at ₹2 crore per exporter on outbound shipments made during September-December, 2020. It is going to seriously affect traders. Key point Exports made during September-December will be based on orders that had been negotiated earlier, factoring in the existing MEIS ..
INSTC, India’s strategic gateway to Central Asia and Eurasia
Published: July 16, 2015
The International North-South Transport Corridor (INSTC) is considered as gateway for India to expand trade and investment links with Central Asia and Eurasia. Its importance was highlighted in India’s Foreign Trade Policy of India 2015-20. However, recently it gained importance in light of the evolving geopolitical developments of India after Prime Minister Narendra Modi’s visit ..
Month: Current Affairs - July, 2015
26 African countries create TFTA: Cape Town to Cairo free-trade zone
Published: June 11, 2015
African countries have signed a historic The Tripartite Free Trade Area (TFTA) that facilitates creation of Africa’s largest free-trade zone. This free-trade zone will cover 26 countries in an area from southernmost tip of African continent i.e. Cape Town (South Africa) to Cairo (Egypt) in the north. The pact was signed in Egypt will intent ..
Month: Current Affairs - June, 2015
Bangladesh Cabinet approves revised trade deal with India
Published: April 7, 2015
Bangladesh cabinet meeting chaired by Prime Minister Sheikh Hasina has approved the revised India-Bangladesh trade agreement. The revised agreement will facilitate both countries to use each other’s land and water routes for trade with a third country and remove long standing barrier in regional trade. With this Bangladesh will be able to use Indian railways, ..