Page-4 of Trade Current Affairs, GK & News

The newly-named Department for Promotion of Industry and Internal Trade to work under Ministry of Commerce and Industry

The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The move comes amidst demand by traders’ body CAIT (Confederation of All India Traders) for forming a ..

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India and China sign agreement to inspect fish meal, fish oil imports

India and China signed protocol on hygiene and inspection requirements for exports of fish meal, fish oil imports from India to China. It was signed as part of discussions between India’s Commerce Ministry and six-member Chinese delegation led by Vice Minister, General Administration of Customs of China, Hu Wei on easing market access for exports ..

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First-ever India Russia Strategic Economic Dialogue held at St. Petersburg

The first-ever India Russia Strategic Economic Dialogue was held at St. Petersburg in Russia. Indian side was led by NITI Aayog Vice Chairman Rajiv Kumar and Russian delegation headed by Economic Development Minister Maxim Oreshkin. Key Facts The two-day forum provided participants platform to discuss development of bilateral ties in trade, investment, technology and industry. ..

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Pakistan has no plans to grant MFN status to India

Pakistan Government has no immediate plans to grant Most Favoured Nation (MFN) status to India. However, it is working out free trade agreements (FTAs) with different countries, especially China and hopes to complete second FTA with China by June 2019. Pakistan has not reciprocated MFN status to India, reportedly citing “non-tariff barriers” erected by India ..

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Surjit S. Bhalla heads High Level Advisory Group (HLAG) to look into global trade challenges

Commerce Minister Suresh Prabhu has recently approved the constitution of a High Level Advisory Group (HLAG) to look into the opportunities and ways to address the ongoing challenges in the global trade scenario. The HLAG will be headed by Surjit S. Bhalla, Director of Oxus Research and Investments. The HLAG will consider ways for boosting ..

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6th East Asia Summit and 15th India-ASEAN Economic Ministers Meeting held in Singapore

The 6th East Asia Summit-Economic Ministers’ Meeting (EAS-EMM) and 15th India-ASEAN Economic Ministers’ Meeting (AEM) was held in Singapore. Singapore is currently holding the Chair of Association of Southeast Asian Nations (ASEAN). 6th EAS-EMM It was attended by Economic Ministers from 10 ASEAN countries and their 8 dialogue partners – Australia, China, India, Japan, Republic ..

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