Trade policy Current Affairs, GK & News

DGFT Trade Facilitation App launched

The Union Minister of Commerce and Industry Shri Piyush Goyal recently launched the DGFT Trade Facilitation Mobile Application. DGFT is Directorate General of Foreign Trade. Key Features of DGFT The DGFT Trade Facilitation application provides the following features : Real-time trade policy updates and event notifications. It provides options to explore Export-Import policies and statistics ..

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World Trade Organization to be led by a woman for first time

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 ..

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Government decides to cap export incentives under MEIS scheme

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 ..

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INSTC, India’s strategic gateway to Central Asia and Eurasia

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 ..

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26 African countries create TFTA: Cape Town to Cairo free-trade zone

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 ..

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