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G-20 leaders adopt Hamburg Action Plan
The 12th G-20 summit concluded in Germany’s Hamburg city with adaptation of Hamburg Action Plan. It sets out the group’s strategy for achieving strong, sustainable, balanced and inclusive growth. The action plan aims to address major global challenges, including climate ..
Month: Current Affairs - July, 2017
India, Georgia sign Joint Statement to launch Joint Feasibility Study on FTA
India and Georgia have singed a Joint Statement on the launching of the Joint Feasibility Study on the Free Trade Agreement between both countries. The statement was signed by Union Commerce & Industry Minister Nirmala Sitharaman and Georgia’s Minister of ..
Month: Current Affairs - April, 2017
SASEC countries pledges to improve intra-regional connectivity to boost trade & tourism
India and six other South Asian countries of South Asia Subregional Economic Cooperation (SASEC) have pledged to improve intra-regional connectivity to boost trade and tourism. Decision in this regard was taken at the Finance ministers of India, Bangladesh, Bhutan, Nepal, ..
Month: Current Affairs - April, 2017
Government launches Trade Infrastructure for Export Scheme
The Union Ministry of Commerce & Industry has launched Trade Infrastructure for Export Scheme for developing export linked infrastructure in states with a view to promoting outbound shipments. TIES seeks to bridge the critical infrastructure gap and provide forward and ..
Month: Current Affairs - March, 2017
Union Cabinet approves accession to global customs convention
The Union Cabinet has given its approval for India’s accession to the Customs Convention on International Transport of Goods under cover of TIR Carnets (TIR Convention) and necessary procedures for ratification. By joining the convention, Indian traders will get access ..
Month: Current Affairs - March, 2017
WTO's Trade Facilitation Agreement comes into effect
The Trade Facilitation Agreement (TFA) in Goods of World Trade Organisation (WTO) came into effect with its ratification by two-thirds members of WTO including India. The TFA in Goods was adopted by the WTO Members in 2014. It aims to ..